Calculate the value of 3 bonds using the following information: Each bond's par value is $1000 Each bond's interest is paid semi-annually. Bond A has a coupon of 6.00% and matures in 7 years Bond B has a coupon of 6.25% and matures in 10 years. Bond C has a coupon of 4% and matures in 20 years. Your required rate of return (RROR) for each bond is 7%. Bond A Par Coupon Rate Term RROR m Value Adjusting for m For Rate fct (YTM): Multiply yrs by 2 (m) Divide PMT by 2 (m) Multiply resulting rate answer by 2 (m); outside the parens (be sure PV is a negative # and PMT,FV are positive (or vice versa) Bond B Par Coupon Rate Term RROR m Value For PV fct (Bond value): Divide RATE by 2 (m) Multiply yrs by 2 (m) Divide PMT by 2 (m) No adjustment needed to price (be sure PV is a negative # and PMT,FV are positive (or vice versa)