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Calculate the price of a bond with FV of $1,000, a coupon rate of 10 percent (paid semi-annually), and 7 years to maturity when a.

Calculate the price of a bond with FV of $1,000, a coupon rate of 10 percent (paid semi-annually), and 7 years to maturity when

a. kb = 12 percent
b. kb = 10 percent
c. kb = 8 percent

(Round present value factor calculations to 5 decimal places, e.g. 1.25124 and final answers to 2 decimal places e.g. 1,289.71.)

Price of bond

a.

enter a dollar amount rounded to 2 decimal places

b.

enter a dollar amount rounded to 2 decimal places

c.

enter a dollar amount rounded to 2 decimal places

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