1. Grohl Co. issued 6-year bonds a year ago at a coupon rate of 12 percent. The bonds make semiannual payments. If the YTM on these bonds is 11 percent, what is the current bond price?
2. Ngata Corp. issued 20-year bonds 2 years ago at a coupon rate of 9.7 percent. The bonds make semiannual payments. If these bonds currently sell for 106 percent of par value, what is the YTM?
3. Ashes Divide Corporation has bonds on the market with 15 years to maturity, a YTM of 10.0 percent, and a current price of $1,306.50. The bonds make semiannual payments. What must the coupon rate be on these bonds? (Do not round your intermediate calculations.)