1. What is the price of a bond with the following features? 8 years to maturity, face value of $1000, coupon rate of 4% (annual coupons) and yield to maturity (discount rate) of 1.8%.
2. As with most bonds, consider a bond with a face value of $1,000. The bond's maturity is 24 years, the coupon rate is 9% paid annually, and the discount rate is 14%. What should be the estimated value of this bond in one year?
3. As with most bonds, consider a bond with a face value of $1,000. The bond's maturity is 11 years, the coupon rate is 9% paid annually, and the discount rate is 13%. What is the bond's Current Yield?