1) Garvin Enterprises’ bonds presently sell for= $850. They have a six-year maturity, the annual coupon of $75, and par value of= $1,000. Determine their current yield?

2) Sadik Inc.'s bonds presently sell for= $1,295 and have a par value of= $1,000. They pay a= $135 annual coupon and have a 15-year maturity, but they can be called in four years at= $1,135. Compute their yield to call (YTC)?

3) Moerdyk Corporation's bonds have a fifteen-year maturity, a 6.50% coupon rate with interest paid semi-annually, and par value of= $1,000. Nominal required rate of return on these bonds is= 8.50%. Determine the bond’s intrinsic value?