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Charles City Hospital plans on issuing a tax-exempt bond at the bond is $1,000. If required market rates are 6 percent, what is the value

Charles City Hospital plans on issuing a tax-exempt bond at the bond is $1,000.

If required market rates are 6 percent, what is the value of the bond?

If required market rates fall to 12 percent what is the value of the bond?

At what required market rate (3,6, or 12 percent) does the above bond sell at a discount? At a premium?

with a 1000 dollar zero coupon bond

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