1.Ivanhoe, Inc., has issued a three-year bond that pays a coupon rate of8.4percent. Coupon payments are made semiannually. Given the market rate of interest of5.0percent, what is the market value of the bond?(Round answer to 2 decimal places, e.g. 15.25.)

2.SheridanInc. has seven-year bonds outstanding that pay a11percent coupon rate. Investors buying these bonds today can expect to earn a yield to maturity of6.250percent. What is the current value of these bonds? Assume annual coupon payments.(Round answer to 2 decimal places, e.g. 15.25.)

3.SharonLeeis interested in buying a five-year zero coupon bond with a face value of $1,000. She understands that the market interest rate for similar investments is9.7percent. Assume annual coupon payments.What is the currentvalue of this bond?(Round answer to 2 decimal places, e.g. 15.25.)

4.Ten-year zero coupon bonds issued by the U.S. Treasury have a face value of $1,000 and interest is compounded semiannually. If similar bonds in the market yield11.8percent, what is the value of these bonds?(Round answer to 2 decimal places, e.g. 15.25.)

5.PharoahReal Estate Company management is planning to fund a development project by issuing 10-year zero coupon bonds with a face value of $1,000. Assuming semiannual compounding, what will be the price of these bonds if the appropriate discount rate is10.0percent?(Round answer to 2 decimal places, e.g. 15.25.)