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Calculate the fair present values of the following bonds, all of which pay interest semiannually, have a face value of $1,000, have 10 years remaining

Calculate the fair present values of the following bonds, all of which pay interest semiannually, have a face value of $1,000, have 10 years remaining to maturity, and have a required rate of return of 12 percent.

  1. The bond has a 8 percent coupon rate. (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16))
  2. The bond has a 10 percent coupon rate. (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16))
  3. The bond has a 12 percent coupon rate. (Do not round intermediate calculations.)

a. Fair present value $_____

b. Fair present value $____

c. Fair present Value $_____

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