Jackson Corporation's bonds have $9$ years remaining to maturity. Interest is paid annually, the bonds have a $$1,000$ par value, and the coupon interest rate is $11\%.$ The bonds have a yield to maturity of $12\%.$ What is the current market price of these bonds? Do not round intermediate calculations. Round your answer to the nearest cent.

Wilson Corporation$$s bonds have $12$ years remaining to maturity. Interest is paid annually, the bonds have a $$1,000$ par value, and the coupon interest rate is $10\%.$ The bonds sell at a price of $$850.$ What is their yield to maturity? Round your answer to two decimal places.

Heath Food Corporation$$s bonds have $8$ years remaining to maturity. The bonds have a face value of $$1,000$ and a yield to maturity of $6\%.$ They pay interest annually and have a $7\%$ coupon rate. What is their current yield? Do not round intermediate calculations. Round your answer to two decimal places.

A Treasury bond that matures in $10$ years has a yield of $7\%.$ A $10-$year corporate bond has a yield of $8\%.$ Assume that the liquidity premium on the corporate bond is $0\mathrm{.}8\%.$ What is the default risk premium on the corporate bond? Round your answer to one decimal place.

Renfro Rentals has issued bonds that have a $10\%$ coupon rate, payable semiannually. The bonds mature in $16$ years, have a face value of $$1,000,$ and a yield to maturity of $8\mathrm{.}5\%.$ What is the price of the bonds? Round your answer to the nearest cent.