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1)A coupon bond that pays interest semiannually has a par value of $1000, matures in 2 years, and has a yield to maturity of 3%.

1)"A coupon bond that pays interest semiannually has a par value of $1000, matures in 2 years, and has a yield to maturity of 3%. If the coupon rate is 7.5%, the value of the bond today will be __________. "

2)"A coupon bond that pays interest annually has a par value of $1000, matures in 2 years, and has a yield to maturity of 6%. If the coupon rate is 5%, the value of the bond today will be __________. "

3)"A coupon bond that pays interest quarterly is reported in the Wall Street Journal as having an ask price of 120% of its $1000 par value. If the last interest payment was made 2 months ago and the coupon rate is 9%, the invoice price of the bond will be _________. "

4)"A Treasury bond due in 1 year has a yield of 4%, while a Treasury bond due in 3 years has a yield of 9%. A bond due in 3 years issued by High Country Marketing Corp. has a yield of 13.9%, while a bond due in 1 year issued by High Country Marketing Corp. has a yield of 15%. The default risk premium on the 3-year bonds issued by High Country Marketing Corp. is _________. Note: Express your answers in strictly numerical terms. For example, if the answer is 5%, write 0.05"

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