A $1,000 bond has a coupon of 6 percent and matures after eight years. Assume that the bond pays interest annually.

What would be the bond's price if comparable debt yields 9 percent? Use Appendix B and Appendix D to answer the question. Round your answer to the nearest dollar.

$

What would be the price if comparable debt yields 9 percent and the bond matures after four years? Use Appendix B and Appendix D to answer the question. Round your answer to the nearest dollar.

$

What are the current yields and the yields to maturity in a and b? Round your answers to two decimal places.

The bond matures after eight years:

CY: % YTM: %

The bond matures after four years:

CY: % YTM: %