1. Cornerstone Industries has a bond outstanding that has a 5% coupon paid semiannually and a market price of $927.64. If the bond matures in 5 years, what is the yield to maturity?
2. What would you pay for a bond that pays a semiannual coupon of $35, has a face value of $1,000, matures in 7 years, and has a yield to maturity of 8%?
3. J&J Manufacturing just issued a bond with $1,000 face value and 4.5% coupon, paid semiannually. If the bond has a 30 year life and the yield to maturity is 4%, what is the market value of the bond?