Bond Valuation Formula: PV of principal (face value, par value) using market rate (effectioc rate, yield to maturity) and \# of periods to maturity plus PVA of interest payments (calculated using stated rate) using market rate (effective rate, yield to maturity) and \# of periods to maturity Calculate prices for the following bonds using the bond valuation formula above and your time value of money tables. Carry out answers to the penny. Question 2 Bonds par value: $1,000 Stated interest rate: 10% Interest paid: annually Maturity: in 50 years Yield to maturity: 15% Question 3 Bonds par value: $1,000 Maturity: in 20 years Yield to maturity: 12%