1A) Calculate the yield to maturity (i.e., YTM) for the following bond. The bond matures in 18 years, has a coupon rate of 8.8% with semi-annual payments. The par value of the bond is $1000, while the current market value equals $653.08. (Round to 100th of a percent and enter your answer as a percentage, e.g., 12.34 for 12.34%)

1B) How much would you pay for a zero coupon bond with a par value of $1000, a maturity of 5 years, if your required rate of return is 8.4%? Assume annual discounting. (Round your answer to the nearest penny.)

1C) What is the current yield on a zero coupon bond with a remaining life of 9 years, a yield to maturity of 8.3%, and a par value of $1000? (Round to 100th of a percent and enter as a percentage, e.g. 12.34% as 12.34 and state as an annual rate.)

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