1. Curtis Corporation's noncallable semiannual coupon bonds currently sell for $1,125. They have a 10-year maturity, an 8.0% coupon rate, and a par value of $1,000. What is their yield to maturity?
2. Jerome Corporation's bonds have 15 years to maturity, an 8.75% coupon paid annually, and a $1,000 par value. The bond has a 6.50% nominal yield to maturity, but it can be called in 7 years at a price of $1,050. What is the bond's nominal yield to call?
3. One year ago Lerner and Luckmann Co. issued 15-year, noncallable, 6.5% semiannual coupon bonds at their par value of $1,000. Today, the market interest rate on these bonds is 8.5%. What is the current price of the bonds, given that they now have 14 years to maturity?