1. Blue Jazz, Inc., has 8 percent coupon bonds on the market that have 23 years left to maturity. The bonds make annual payments. If the YTM on these bonds is 7.3 percent, the current price of the bond $______. Round it two decimial places, and do not include the $ sign.

2. Suppose the risk-free real rate is 5.0 percent and the inflation rate is 2.4 percent. You would expect to see a rate of ______ percent on a Treasury bill. Do not include the percent sign (%). Round your answer to 2 decimal places.

3. Consider a 16-year bond with 13 percent annual coupon payments. The market rate (YTM) is 8.2 percent for this bond. The current yield of the bond is _______ percent. Answer it in percentage without the % sign, and round it to two decimal places.