1. A bond has a $1,000 par value, 10 years to maturity, and a 7% annual coupon and sells for $985.

Assume that the yield to maturity remains constant for the next five years. What will the price be 5 years from today? Do not round intermediate calculations. Round your answer to the nearest cent.

2. Nesmith Corporation's outstanding bonds have a $1,000 par value, a 6% semiannual coupon, 19 years to maturity, and a 9% YTM. What is the bond's price? Round your answer to the nearest cent.

3. A firm's bonds have a maturity of 14 years with a $1,000 face value, have an 8% semiannual coupon, are callable in 7 years at $1,061.24, and currently sell at a price of $1,116.71. What are their nominal yield to maturity and their nominal yield to call? Do not round intermediate calculations. Round your answers to two decimal places.

4. Ten years ago the Templeton Company issued 22-year bonds with a 10% annual coupon rate at their $1,000 par value. The bonds had a 9% call premium, with 5 years of call protection. Today Templeton called the bonds. Compute the realized rate of return for an investor who purchased the bonds when they were issued and held them until they were called. Round your answer to two decimal places.