1. The yield to maturity of a $ 1,000 bond with a 7.1% coupon rate, semiannual coupons, and two years to maturity is 8.3 % APR, compounded semiannually. What is its price?
2. Suppose a ten-year, $ 1,000 bond with an 8.1 % coupon rate and semiannual coupons is trading for $ 1,034.69. a. What is the bond's yield to maturity (expressed as an APR with semiannual compounding) b. If the bond's yield to maturity changes to 9.5 % APR, what will be the bond's price?
3. Suppose a five-year, $ 1,000 bond with annual coupons has a price of $ 898.17 and a yield to maturity of 5.7%. What is the bond's coupon rate?