a) Determine the price at time 1, 4 and 10 years of a 10 year annual coupon bond if r=10% and coupon rate =15%

b) Determine the price at time 1, 4 and 10 years of a 10 year annual coupon bond if r=10% and coupon rate =8%

c) Repeat the same questions if the bonds pay coupons semi-annually.

d) What do you notice