4. (Bond valuation) Calculate the value of a bond that will mature in 15 years and has a $1,000 face value. The annual coupon interest rate is 15 percent, and theinvestor's required rate of return is 11 percent. The value of the bond is $nothing. (Round to the nearest cent.)

5. (Yield to maturity) You own a 19-year bond that pays 12 percent interest annually. The par value of the bond is $1,000 and the market price of the bond is $775. What is the yield to maturity of the bond? he yield to maturity of the bond is nothing%. (Round to two decimal places.)

6. (Bond valuation) ExxonMobie 14-year bonds pay 9 percent interest annually on a $1,000 par value. If the bonds sell at $1,175, what is the bonds' expected rate ofreturn? The bonds' expected rate of return is nothing%. (Round to two decimal places.)