3. Madsen Motors's bonds have 6 years remaining to maturity. Interest is paid annually, they have a $1,000 par value, the coupon interest rate is 8%, and the yield to maturity is 10%. What is the bond's current market price? Round your answer to the nearest cent.

5. Nesmith Corporation's outstanding bonds have a $1,000 par value, a 7% semiannual coupon, 7 years to maturity, and a 9% YTM. What is the bond's price? Round your answer to the nearest cent.

8. Harrimon Industries bonds have 4 years left to maturity. Interest is paid annually, and the bonds have a $1,000 par value and a coupon rate of 10%.

1. What is the yield to maturity at a current market price of
   1. $902? Round your answer to two decimal places.

      %

   2. $1,115? Round your answer to two decimal places.

      %