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Calculating Bond Issuance Prices Presented below are annual coupon rates, yield rates, and expected duration for a series of debentures. Calculate the issuance price for

Calculating Bond Issuance Prices Presented below are annual coupon rates, yield rates, and expected duration for a series of debentures. Calculate the issuance price for each debenture assuming that the face value of each bond is $1,000 and that interest is paid semiannually. Bond Coupon Rate Yield Rate Duration A 4.0 % 6.0 % 10 years B 10.0 % 8.0 % 15 years C 5.0 % 6.0 % 8 years D 0.0 % 8.0 % 5 years E 10.0 % 10.0 % 6 years Do not round until your final answer. Round your answer to the nearest dollar. A B C D E

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