Question
1. A zero-coupon bond matures in 16 years. At a market discount rate of 7 percent per year and assuming annual compounding, the price per
1. A zero-coupon bond matures in 16 years. At a market discount rate of 7 percent per year and assuming annual compounding, the price per hundred dollars of par value is $__________ . (Do not include the dollar sign in your answer. Round to the nearest cent).
2.A bond offers a annual coupon rate of 12 percent, with interest paid semiannually. The bond matures in 9 years. At a market discount rate of 0.08 , what is the price of this bond per hundred dollars of par value? (Do not include the dollar sign in your answer. Round to the nearest cent).
3. A bond offers a annual coupon rate of 12 percent, with interest paid semiannually. The bond matures in 9 years. At a market discount rate of 0.08 , what is the price of this bond per hundred dollars of par value? (Do not include the dollar sign in your answer. Round to the nearest cent).
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