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Bond A has an 11% annual coupon, matures in 12 years, and has a $1,000 face value. Bond B has a 13% annual coupon, matures
Bond A has an 11% annual coupon, matures in 12 years, and has a $1,000 face value.
Bond B has a 13% annual coupon, matures in 12 years, and has a $1,000 face value.
Bond C has a 9% annual coupon, matures in 12 years, and has a $1,000 face value.
Each bond has a yield to maturity of 11%.
Calculate the price of each bond (A, B, and C) at the end of each year until maturity, assuming interest rates remain constant. Round your answers to the nearest cent.
Years Remaining | ||||
Until Maturity | Bond A | Bond B | Bond C | |
12 | $ fill in the blank | $ fill in the blank | $ fill in the blank | |
11 | $ fill in the blank | $ fill in the blank | $ fill in the blank | |
10 | $ fill in the blank | $ fill in the blank | $ fill in the blank | |
9 | $ fill in the blank | $ fill in the blank | $ fill in the blank | |
8 | $ fill in the blank | $ fill in the blank | $ fill in the blank | |
7 | $ fill in the blank | $ fill in the blank | $ fill in the blank | |
6 | $ fill in the blank | $ fill in the blank | $ fill in the blank | |
5 | $ fill in the blank | $ fill in the blank | $ fill in the blank | |
4 | $ fill in the blank | $ fill in the blank | $ fill in the blank | |
3 | $ fill in the blank | $ fill in the blank | $ fill in the blank | |
2 | $ fill in the blank | $ fill in the blank | $ fill in the blank | |
1 | $ fill in the blank | $ fill in the blank | $ fill in the blank | |
0 | $ fill in the blank | $ fill in the blank | $ fill in the blank |
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