. Table 1 lists the Years to Maturity for each bond. Assume that each bond has a $1,000 par value, each had a 30-year maturity when it was issued, and the bonds currently have a 10 percent required rate of return.

1a. Why do the bonds coupon rate vary so widely?

1c. If each bond paid interest semiannually, the bond values would be as following:

1d. Effective annual rate