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A bond has the following terms: principal amount $1,000 semi-annual interest $45 maturity 15 years a. What is the bond's price if comparable debt yields

A bond has the following terms: principal amount $1,000 semi-annual interest $45 maturity 15 years

a. What is the bond's price if comparable debt yields 11%? b. What would be the price if comparable debt yields 11% and the bond matures after ten years? c. What are the current yields in a. and b.? d. What would be the bond's price in a. and b. if interest rates declined to 8%? e. What are the current yields in d.?

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