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a)Nungesser Corporation's outstanding bonds have a $1,000 par value, a 11% semiannual coupon, 17 years to maturity, and an 10% YTM. What is the bond's

a)Nungesser Corporation's outstanding bonds have a $1,000 par value, a 11% semiannual coupon, 17 years to maturity, and an 10% YTM. What is the bond's price? Round your answer to the nearest cent.

b)Callaghan Motors' bonds have 11 years remaining to maturity. Interest is paid annually, they have a $1,000 par value, the coupon interest rate is 10%, and the yield to maturity is 5%. What is the bond's current market price? Round your answer to the nearest cent.

c)

A bond has a $1,000 par value, 8 years to maturity, and a 7% annual coupon and sells for $980.

What is its yield to maturity (YTM)? Round your answer to two decimal places. %

Assume that the yield to maturity remains constant for the next 5 years. What will the price be 5 years from today? Round your answer to the nearest cent.

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