A $1,000 bond has a coupon of 9 percent and matures after ten years. Assume that the bond pays interest annually. a. What would be the bond's price if comparable debt yields 10 percent? Use Appendix B and Appendix D to answer the question. Round your answer to the nearest dollar. $ b. What would be the price if comparable debt yields 10 percent and the bond matures after five years? Use Appendix B and Appendix D to answer the question. Round your answer to the nearest dollar. $ c. Why are the prices different in a and b? The price of the bond a payment of the bond in b (in time). d. 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 ten years: CY: YTM: % % The bond matures after five years:

CY: YTM: % % ct-than the pri of the bond in b as the principal payment of the bond in a is-Select- than the principal

$1,000 bond has a coupon of 9 percent and matures after ten years. Assume that the bond pays interest annually. a. What would be the bond's price if comparable debt yields 10 percent? Use Appendix B and Appendix D to answer the question. Round your answer to the nearest dollar. $ b. What would be the price if comparable debt yields 10 percent and the bond matures after five years? Use Appendix B and Appendix D to answer the question. Round your answer to the nearest dollar. $ c. Why are the prices different in a and b ? The price of the bond in a is than the price of the bond in b as the principal payment of the bond in a is payment of the bond in b (in time). d. 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 ten years: The bond matures after five years