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Exhibit 13.1 USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM A $1,000 par value bond with five years to maturity and a 6 percent coupon

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Exhibit 13.1 USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM A $1,000 par value bond with five years to maturity and a 6 percent coupon has a yield to maturity of 8 percent. Interest is paid semiannually. Refer to Exhibit 13.1. Calculate the current price of the bond. a. $918.89 b. $1,000 c. $789.29 d. $1,579.46 e. $743.29

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