a. AB Builders, Inc., has 19-year bonds outstanding with a par value of $2,000 and a quoted price of 95.525. The bonds pay interest semiannually and have a yield to maturity of 7.01 percent. What is the coupon rate?

b. There are zero coupon bonds outstanding that have a YTM of 5.01 percent and mature in 13 years. The bonds have a par value of $10,000. If we assume semiannual compounding, what is the price of the bonds?

c. A municipal bond has a YTM of 4.05 percent while the YTM of a comparable taxable bond is 5.95 percent. What is the tax rate that will make an investor indifferent between the municipal bond and the taxable bond?

d. A bond that pays interest semiannually has a coupon rate of 5.08 percent and a current yield of 5.37 percent. The par value is $1,000. What is the bond's price?