Determine the interest payment for the following three bonds. (Assume a $1,000 par value.) (Round your answers to 2 decimal places.) What's the current yield of a 4.60 percent coupon corporate bond quoted at a price of 102.18? (Round your answer to 2 decimal places.) Rank from highest credit risk to lowest risk the following bonds, with the same time to maturity, by their yield to maturity: (Rank: 1= highest, 4 = lowest) Compute the price of a 6.9 percent coupon bond with 15 years left to maturity and a market interest rate of 8.0 percent. (Assume interest payments are semiannual.) (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Is this a discount or premium bond? discount bond premium bond Calculate the price of a 5.6 percent coupon bond with 17 years left to maturity and a market interest rate of 5.4 percent. (Assume interest payments are semiannual.) (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Is this a discount or premium bond? discount bond premium bond A 7.20 percent coupon bond with 15 years left to maturity is priced to offer a yield to maturity of 7.9 percent. You believe that in one year, the yield to maturity will be 7.5 percent. What is the change in price the bond will experience in dollars? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)