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1) A bond has an annual coupon of 8%, a term to maturity of 15 years, a par value of $1,000. Yields or comparable market
1) A bond has an annual coupon of 8%, a term to maturity of 15 years, a par value of $1,000. Yields or comparable market rates for this bond are 7.3%. Based on this information: What is the value or price of the bond? Show 2 decimals,
2) A zero coupon bond has a term to maturity of 8 years, a par value of $1,000. Yields or comparable market rates for this bond are 7.7%. Based on this information what is the value or price of the bond ? Show 2 decimals, for example: $999.99.
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