Finding Interest Rate and Bond Valuation

Part APart BPart C

Nesmith Corporation's outstanding bonds have a $1,000 par value, a 10% semiannual coupon, 20 years to maturity, and a 10.5% YTM. What is the bond's price? Round your answer to the nearest cent. Madsen Motors's bonds have 5 years remaining to maturity. Interest is paid annually; they have a $1,000 par value; the coupon interest rate is and the yield to maturity is 12%. What is the bond's current market price? Round your answer to the nearest cent. (3) Your parents will retire in 24 years. They currently have $270,000 saved, and they think they will need $1,450,000 at retirement. What annual interest rate must they earn to reach their goal, assuming they don't save any additional funds? Round your answer to two decimal places. %