A government bond pays coupons 4 times a year at an annual rate of 5.5%, has a face value of $1,500, and matures in 12 years. If the current market interest rate is 7.4% compounded annually (i.e., this is an effective rate), 1. What is the periodic market interest rate? (i.e., the rate every 41 th of a year) % (Give answer as a percentage to 6 decimal places) 2. What is the coupon amount paid each time? (Give answer to 4 decimal places) 3. What is the current market price of the bond? (Give answer to 4 decimal places)