a. What is the price of a $1,000 par value bond with a 6% coupon rate paid semiannually, if the bond is priced to yield 5% and it has ten years to maturity? (5%)

FV = $1,000

I= 5%/2 = 2.5

C= $1,000 x (6%/2) = 30

N = 10x2=20

PV =

-$1,077.95

b. Following a, what would be the price of the bond if the yield rose to 10%? (5%)

FV = $1,000

I = 10%/2 = 5

C = $1,000 x (6%/2) = 30

N = 10 x 2 = 20

PV=

-$750.76

c. Following a, what would be the price of the bond if the coupon is paid quarterly? (5%)

FV = $1,000

I = 5%/4 = 1.25

C = $1,000 x (6%/4) = 15

N = 10 x 4 = 40

PV=

-$1,078.32

d. Explain how the calculation changes, given semi-annual coupons in a versus quarterly coupons in c. (10%) (Underline your final answer for a, b and c, e.g., Ans.: XXXX)

I need help with question d.

thank you