1a. The market price of a semi-annual pay bond is $983.21. It has 12.00 years to maturity and a coupon rate of 8.00%. Par value is $1,000. What is the effective annual yield?

Answer format: Percentage Round to: 4 decimal places (Example: 9.2434%, % sign required. Will accept decimal format rounded to 6 decimal places (ex: 0.092434))

1b.

The market price of a semi-annual pay bond is $962.13. It has 19.00 years to maturity and a coupon rate of 6.00%. Par value is $1,000. What is the yield to maturity?

Answer format: Percentage Round to: 4 decimal places (Example: 9.2434%, % sign required. Will accept decimal format rounded to 6 decimal places (ex: 0.092434))

1c

Assume a par value of $1,000. Caspian Sea plans to issue a 8.00 year, annual pay bond that has a coupon rate of 13.00%. If the yield to maturity for the bond is 13.0%, what will the price of the bond be?

Answer format: Currency: Round to: 2 decimal places.