Knight, Inc., has issued a three-year bond that pays a coupon of 4.71 percent. Coupon payments are made semiannually. Given the market rate of interest of 4.98 percent, what is the market value of the bond? (Round answer to 2 decimal places, e.g. 15.25.)

Ruth Hornsby is looking to invest in a three-year bond that makes semiannual coupon payments at a rate of 17.32 percent. If these bonds have a market price of $980.57, what yield to maturity and effective annual yield can she expect to earn? (Round answer to 2 decimal places, e.g. 15.25%.)

Rudy Sandberg wants to invest in four-year bonds that are currently priced at $803. These bonds have a coupon rate of 5.99 percent and make semiannual coupon payments. What is the current market yield on this bond? (Round answer to 2 decimal places, e.g. 15.25%.)