(Related to Checkpoint 9.3) (Bond valuation) Calculate the value of a bond that matures in 19 years and has a $1,000 par value. The annual coupon interest rate is 16 percent and the market's required yield to maturity on a comparable-risk bond is 9 percent. The value of the bond is $ 588.58 (Round to the nearest cent.) (Related to Checkpoint 9.6) (Inflation and interest rates) What would you expect the nominal rate of interest to be if the real rate is 3.5 percent and the expected inflation rate is 6.7 percent? The nominal rate of interest would be %. (Round to two decimal places.) (Related to Checkpoint 9.2) (Yield to maturity) The market price is $1,150 for a 12-year bond ($1,000 par value) that pays 9 percent annual interest, but makes interest payments on a semiannual basis (4.5 percent semiannually). What is the bond's yield to maturity? The bond's yield to maturity is%. (Round to two decimal places.)