1.) Mary Smith is interested in buying a five-year zero coupon bond with a face value of $1,000. She understands that the market interest rate for similar investments is 7.0 percent. Assume annual coupon payments. What is the current value of this bond? (Round answer to 2 decimal places, e.g. 15.25.)

2.) Sunland Inc. has seven-year bonds outstanding that pay a 11 percent coupon rate. Investors buying these bonds today can expect to earn a yield to maturity of 6.600 percent. What is the current value of these bonds? Assume annual coupon payments. (Round answer to 2 decimal places, e.g. 15.25.)

3.) Ivanhoe, Inc., has issued a three-year bond that pays a coupon rate of 8.4 percent. Coupon payments are made semiannually. Given the market rate of interest of 5.0 percent, what is the market value of the bond (Round answer to 2 decimal places)?