1) A company issues 6 year bomds to raise funds for expansion.The face value is $1000 and the coupon rate is 8% paid annually.The redemption value is $1200. If current bond yoelds are 7% per annu.,what is the issue price of this bond ?

2) Another company issies bonds identical to those in question 1 expcept that the coupon rate is 8% paid semiannually and not annually.What ia the issue price of this second bond ?

3) For the bond in question 1 what was the amortization of premium or discount at the end of the year ?