1.You paid $10,591 for a 15-year 5 percent coupon bond. If the yield to maturity of the bond is 3.4%, what is the face value (in $) of the bond?

2. What is the rate of return (in %) on a 3 percent coupon bond with face value $1,000 that initially sells for $942 and sells for $1,033 next year?

3.What is the rate of return (in %) on a 4 percent coupon bond with face value $1,000 that initially sells for $1,046 and sells for $883 next year?

4. I purchase a 10 percent coupon bond. Based on my purchase price, I calculate a yield to maturity of 7 percent. If I hold this bond to maturity, what is my rate of return on this asset?