Question: Please answer all questions in detail. Question 1 (1 point) Kessel Inc. offers a zero-coupon bond that has 30 years to maturity and the yield-to-

Please answer all questions in detail.
Please answer all questions in detail. Question 1 (1 point) Kessel Inc.

Question 1 (1 point) Kessel Inc. offers a zero-coupon bond that has 30 years to maturity and the yield-to- maturity of similar bonds is 4%. What is the market price of Kessel Inc.'s bond? Question 2 (1 point) A Chicago, Illinois municipal bond has a maturity date in 25 years, offers a 7% coupon rate, and is currently priced at $1,015. If bond investors face a average tax rate of 28%, what would the yield be on a corporate bond with similar characteristics? A Question 3 (1 point) Jakku Corp. bonds bearing a coupon rate of 3%, pay coupons seminannually, have five years remaining to maturity, and are currently priced at $970 per bond. What is the yield to maturity

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