1a. Staind, Inc., has 7 percent coupon bonds on the market that have 15 years left to maturity. The bonds make annual payments. If the YTM on these bonds is 10 percent, what is the current bond price? (note: when the face value is not given for a bond, assume it is $1,000)

1b. Ackerman Co. has 7 percent coupon bonds on the market with ten years left to maturity. The bonds make annual payments. If the bond currently sells for $1,040.37, what is its yield to maturity (YTM)?

1c. Kiss the Sky Enterprises has bonds on the market making annual payments, with 6 years to maturity, and selling for $850. At this price, the bonds yield 10.0 percent. What must the coupon rate be on the bonds? (Note: first find the coupon payment, then the coupon rate. The face value of $1,000 x coupon rate = coupon payment).

1d. Grohl Co. issued 15-year bonds a year ago at a coupon rate of 9 percent (APR). The bonds make semiannual payments. If the YTM on these bonds is 10 percent (APR), what is the current bond price?