Channel 9 Bhd. issued an 8% coupon bond with a par value of $1,000 and will mature in 10 years time. A similar bond in the market yields 6%.

(i) What is the price of the Channel 9 bond?

(ii) What is the price of the bond in three years time if the yield is 8%?

(iii) What is the price of the bond in five years time if the yield is 10%?

4. Calculate the bond price in question 3, if the coupon rate is paid twice a year.

5. Why is the price in question 4 different from question 3?

please answer it manually, handwritten. don't use excel thank you