Calculate the Price of the following bonds:

49) You are a portfolio manager and are considering purchasing a bond with a 7.5% coupon rate that pays interest annually and matures in 3 years. If the required rate of return on the bond is 6%, what price would you pay today per 100 of par value?

50) As an investor you own a bond with a 10% coupon rate that pays interest semiannually and matures in 4-years and you are considering its sale. If the required rate of return on the bond is 12%, the price of the bond per 100 of par value is?

51) A bond offers an annual coupon 6%, with interest paid semi-annually. The bond matures in 8 years. At a market discount rate of 3%, the price of the bond per 100 of par value is?

52) A zero-coupon bond matures in 20 years. At a market discount rate of 6.5% and assuming annual compounding, the price of the bond per 100 of par value is?

54) Bond dealers most often quote which price and why? a) full price plus accrued interest. b) full price. c) flat price. Why is this price quoted?