1.The market price of a semi-annual pay bond is $989.90. It has 14.00 years to maturity and a coupon rate of 6.00%. Par value is $1,000. What is the effective annual yield?

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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))

2. Assume a par value of $1,000. Caspian Sea plans to issue a 7.00 year, semi-annual pay bond that has a coupon rate of 7.99%. If the yield to maturity for the bond is 8.36%, what will the price of the bond be?

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

3. Assume a par value of $1,000. Caspian Sea plans to issue a 5.00 year, semi-annual pay bond that has a coupon rate of 18.00%. If the yield to maturity for the bond is 18.0%, what will the price of the bond be?

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4.A bank offers 4.00% on savings accounts. What is the effective annual rate if interest is compounded monthly?

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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))