8) Assume that a bond has a coupon rate of 10 percent, makes annual coupon payments, and has a par value of $1,000. Calculate the bonds value under the following conditions.

1. The bond matures in 5 years and the YTM is 5%:
2. The bond matures in 5 years and the YTM is 10%:
3. The bond matures in 5 years and the YTM is 15%:

4. The bond matures in 15 years and the YTM is 5%:
5. The bond matures in 15 years and the YTM is 10%:
6. The bond matures in 15 years and the YTM is 15%:

9) Looking at the prices that you calculated in problem 8, what effects do time and YTM have on a bonds price?

10) Calculate the single and annual coupon payments assuming the following:

1. Semiannual bond, Coupon rate of 8 percent, Par value of $1,000:
2. Annual bond, Coupon rate of 4.5 percent, Par value of $100:
3. Monthly bond, Coupon rate 12 percent, Par value $850: