1. Gugenheim, Inc. offers a 12 percent coupon bond with annual payments. The yield to maturity is 5.60 percent and the maturity date is 11 years. What is the market price of a $1,000 face value bond? 2. The Timberlake-Jackson Wardrobe Co. has 9 percent coupon bonds on the market with seven years left to maturity. The bonds make annual payments. If the bond currently sells for $1,180.70, what is its YTM? 3. App Store Co. issued 12-year bonds one year ago at a coupon rate of 5.8 percent. The bonds make semiannual payments. If the YTM on these bonds is 5.0 percent, what is the current bond price? 4. Lycan, Inc., has 8.2 percent coupon bonds on the market that have 10 years left to maturity. The bonds make annual payments and have a par value of $1,000. If the YTM on these bonds is 10.2 percent, what is the current bond price? 5. A Taxable bond has a yield of 9% and a tax-free municipal bond has a yield of 6%. If you're in the 35% tax bracket, which bond would you prefer? Show work: