1. You are considering a 30-year, $1,000 par value bond. Its coupon rate is 11%, and interest is paid semiannually. If you require an "effective" annual interest rate (not a nominal rate) of 10%, how much should you be willing to pay for the bond? Do not round intermediate steps. Round your answer to the nearest cent.
2. Nesmith Corporation's outstanding bonds have a $1,000 par value, a 10% semiannual coupon, 8 years to maturity, and an 8.5% YTM. What is the bond's price? Round your answer to the nearest cent.
3. An 8% semiannual coupon bond matures in 4 years. The bond has a face value of $1,000 and a current yield of 8.1848%.
What is the bond's price? Round your answer to the nearest cent.
What is the bond's YTM? Round to two decimal points