1) Angel Inc. bonds have a face value of $1,000, a coupon rate of 5 percent, semiannual interest payments, and mature in 15 years. What is the current price of these bonds if the yield to maturity is 8.00 percent? FV = 1000 Li = 8/2 A) $979.20 B) $1,018.27 $984.56 D$1,020.00 E) $740.62 PMT= SO/2 n = 15x2 PV=-740

1) Angel Ine, bonds have a face value of $1,000, a coupon rate of 5 percent, semiannual interest payments, and mature in 15 years. What is the current price of these bonds if the yield to maturity is 8.00 pereent? A) $979.20 B) $1.018.27 FV=1000C=8/2 C) 5984.56 D) 51.020 .00 E) 8740.62 PMTnPV=50/2=152=740