1. A zero coupon bond has a maturity of 18 years. If the annual yield to maturity is 7.4%, what is the current price of this bond? (Answer to the nearest penny, i.e. 999.99 but do not use a $ sign).
2. A 6.7% coupon bearing bond pays interest semi-annually and has a maturity of 22 years. If the annual yield to maturity is 6.2%, what is the current price of this bond? (Answer to the nearest penny, i.e. 999.99 but do not use a $ sign.)
3. A $1000 par value bond has a coupon rate of 6.5%, pays interest semi-annually, matures in 12 years, and is priced at a 81.21 discount from par value. What is the annual yield to maturity of this bond? (Answer to the nearest one hundedth of a percent, i.e., 1.23 but do not include the % sign).