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23) The James company has bonds outstanding that mature on 10/23/2026 (exactly 7 years from today). The bonds pay a 4% annual coupon, semi-annually, on

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23) The James company has bonds outstanding that mature on 10/23/2026 (exactly 7 years from today). The bonds pay a 4% annual coupon, semi-annually, on an actual/actual basis. Discount rates are flat at 6%. The price you expect to see, for immediate settlement, as the fair value for the James Bond is: A) $88.71 B) $100.00 C) $112.10 D) $88.84 E) $112.00 24) Current 3-year rates are 6%, and 4-year rates are 7%. The forward rate for year 4 is: A) 10.06% B) 7.05% C) 6.28% D) 11.11% E) Cannot be determined with the given information

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