Assignment: Problem Set $6$B Show your detailed calculation Round to cents

Question $1$: What is the price of a $10-$year bond $($ $$1000$ face value$)$ that has an $8\%$ annual coupon if YTM is $6\%?$

Question $2$: What is the price of the same bond if the coupon is semiannual?

Bond Value $=C[\frac{1-\frac{1}{(1+YTM{)}^t}}{YTM}]+\frac{F}{(1+YTM{)}^t}$

Bond Value $=\frac{C}{2}[\frac{1-\frac{1}{(1+YT\frac{M}{2}{)}^{2t}}}{YT\frac{M}{2}}]+\frac{F}{(1+YT\frac{M}{2}{)}^{2t}}$

$25$