1.Jared buys a $14943 par value bond with monthly interest payments. If the bond’s coupon rate is 4.1% and the current yield is 6.9%, how much did Jared spend on the bond?

2. Karen spends $11120 on a bond with monthly interest payments. If the bond’s coupon rate is 6.7% and the current yield is 5.2%, what is the bond’s par value?

3. Pat purchases a $10930 par value bond for $9644. If the coupon rate is 5% and interest payments are made monthly, what is Pat’s current yield?