1A) Your client is considering the purchase of a bond that is currently selling for $941.03. The client wants to know what annual rate of return can they expect to earn on the bond. The bond has 11 years to maturity, pays a coupon rate of 7.1% (payments made semi-annually), and a face value of $1000. (Round to 100th of a percent and enter your answer as a percentage, e.g., 12.34 for 12.34%)

1B) What is the market price of a bond with a maturity of 19 years, a coupon rate of 4.8% paid semi-annually, a par value of $1000, and a yield to maturity of 5.8%. (Round your answer to the nearest penny.)

1C) What is the most we should pay for a bond with a par value of $1000, coupon rate of 11.6% paid annually, and a remaining life of 17 years? The yield to maturity is 3.8%. Assume annual discounting. (Round your answer to the nearest penny.)

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