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20 Years to maturity Par value of bond Coupon rate Frequency interest paid per year Effective annual rate $1,000.00 8.00% 8.79% Calculation of periodic rate:

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20 Years to maturity Par value of bond Coupon rate Frequency interest paid per year Effective annual rate $1,000.00 8.00% 8.79% Calculation of periodic rate: Nominal annual rate Periodic rate 0.00% Calculation of bond price: Number of periods Interest rate per period Coupon payment per period Par value of bond Price of bond $1,000.00

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