1. Given an interest rate of 12% per year, what is the present value of a perpetual stream of $1,000 payments with the first payment beginning in 4 years? 2. Play Store Co. issued 10-year bonds one year ago at a coupon rate of 2.4%. The bonds make monthly payments. If the YTM on these bonds is 4.8%, what is the current bond price? 3. You purchase a bond with an invoice price of $920. The bond has a coupon rate of 8.6%, semiannual coupons, and there are three months to the next coupon date. What is the clean price of the bond? 4. What is the price of the following quarterly bond? Face value: 1.000 maturity: 10 years coupon rate: 10% YTM: 8% 5. Volbeat Corporation has bonds on the market with 30 years to maturity, a YTM of 6.2%, and a current price of $924. The bonds make semiannual payments. What must the annual coupon rate be on the bonds