1. Calculate the price of these bonds. SHOW YOUR WORK. (4 marks)

a) 2-year Quebec 5.00% semi-annual, $100 par value. Investors require a yield to maturity of 6% compounded semi-annually.

Mode=

N=

P/Y =

C/Y=

I/Y=

PMT=

FV=

PV =

b) 2-year Government of Alberta strip bond, $100 par value. Investors require a yield to maturity of 6% compounded annually.

Mode=

N=

P/Y =

C/Y=

I/Y=

PMT=

FV=

PV = With detailed Steps Thank you!!!