Dufner Co. issued 17-year bonds one year ago at a coupon rate of 6.8 percent. The bonds make semiannual payments.

If the YTM on these bonds is 5.4 percent, what is the current dollarprice assuming a par value of $1,000?

Peter Lynchpin wants to sell you an investment contract that pays equal $13,900 amounts at the end of each of the next 15 years.

If you require an effective annual return of 10 percent on this investment, how much will you pay for the contract today?

Beginning three months from now, you want to be able to withdraw $2,700 each quarter from your bank account to cover college expenses over the next four years.

If the account pays .67 percent interest per quarter, how much do you need to have in your bank account today to meet your expense needs over the next four years?