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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.

bound coupon rate yield rate duration
a 6% 6% 10 years
b 9% 8% 15 years
c 0% 6% 8 years
d 4% 8% 5 years
e 5% 10% 6 years

Do not round until your final answer. Round your answer to the nearest dollar. Please answer it!

A $
B $
C $
D $
E $

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