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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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