A 11-year U.S. Treasury bond with a face value of $1,000 pays a coupon of 5.75% (2.875% of face value every six months). The reported yield to maturity is 5.4% (a six-month discount rate of 5.4/2 = 2.7%).(Do not round intermediate calculations.Round your answers to 2 decimal places.)

a.What is the present value of the bond?

Present value____________$

b.If the yield to maturity changes to 1%, what will be the present value?

Present value_____________$

c.If the yield to maturity changes to 8%, what will be the present value?

Present value_____________$

d.If the yield to maturity changes to 15%, what will be the present value?

Present value____________$