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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

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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 each debenture assuming that the face value of each bond is $1,000 and that int erest is paid semiannual Bond Coupon Rate Yield Rate Duration 6.0 % 5 years 12.0 % 10.0 % 6years 6.0 % 8.0 % 10years 0.0% 60 %15 years 8.0% -8.0% 10 years 40 % Do not round until your final answer. Round your answer to the nearest dollar. A S B S D S

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