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A n - year $ 1 , 0 0 0 par - value bond with 8 % annual coupons has an annual effective yield of

A n-year $1,000 par-value bond with 8% annual coupons has an annual
effective yield of i >1. The book value of the bond at the end of the third year is $990.92
and the book value of the bond at the end of the fifth year $995.10.
1.Find the annual effective yield, i.
2.Find the price of the bond, P .
3.Find the maturity date (in years) of bond, n (Use the the financial calculator, or Excel Formula).

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