1. What’s the current yield of a 4.95 percent coupon corporate bond quoted at a price of 102.53? (Round your answer to 2 decimal places.)
2. A 6.90 percent coupon bond with 28 years left to maturity can be called in nine years. The call premium is one year of coupon payments. It is offered for sale at $1,106.85. What is the yield to call of the bond? (Assume interest payments are semiannual.) (Round your answer to 2 decimal places.)
3. A 5.10 percent coupon bond with 15 years left to maturity can be called in three years. The call premium is one year of coupon payments. It is offered for sale at $1,060.30. What is the yield to call of the bond? (Assume interest payments are semiannual.) (Round your answer to 2 decimal places.)