As the new Financial Manager, the CEO of King Fisher has asked you to review some bonds. What is the price of a 15 year, semi-annual zero coupon bond, paying $1000 at maturity if the YTM is:

8%

10%

12%

Fill in the values in the spreadsheet.

Input area: Years to maturity Face value a) Yield to maturity b) Yield to maturity c) Yield to maturity Output area: a) Price b) Price c) Price EA 15 1,000 8% 10% 12%