finance bond pricing and yeilds problem

ebook Problem 13-07 Fifteen years ago your grandfather purchased for you a 30-year $1,000 bond with a coupon rate of 10 percent. You now wish to sell the bond and read that yields are 8 percent. What price should you receive for the bond? Assume that the bond pays interest annually Use Appendix B and Appendix D to answer the question. Round your answer to the nearest dollar. Help Chrome File Edit View History Bookmarks Profiles Tab Window MindTap - Cengage Lea x Appendix B.jpg (890x56 X WE 3, Risk, Bonds & Stock x + V chow.apps.ng.cengage.com/llrn/books/rnabf12h/Appendix_B.jpg 0 M Paused Update Interest Factors for the Present Value of One Dollar me eriod car 2% 980 971 ww- 2 15 990 980 921 961 951 961 942 924 906 16% 862 743 943 915 889 863 962 925 889 855 822 5% 952 907 864 823 784 7% 935 873 816 763 713 6% 943 890 840 792 .747 9% 917 842 772 .70B .650 926 857 .794 735 681 104 909 826 .751 683 621 12% 14% 893 877 797 -769 .712 675 636 592 567 519 15% 870 756 658 572 497 18 847 718 609 .516 437 20% 833 694 579 482 402 24 806 650 524 423 341 28% 781 610 477 373 291 641 552 4 476 746 942 933 922 914 905 BBS 871 853 837 820 838 813 789 766 .744 790 760 731 703 676 705 665 627 8 9 10 666 .623 582 544 508 630 583 540 500 463 711 677 645 614 596 547 502 460 422 564 513 467 424 386 507 452 404 361 322 456 400 351 308 270 432 376 327 284 247 410 354 305 263 370 314 266 226 191 275 222 179 235 279 283 194 162 227 178 139 592 144 108 OBS 558 227 116 350 bre5 nmusb 135 112 896 887 879 870 861 804 788 778 758 743 12 13 14 15 722 701 681 661 642 650 625 601 577 555 585 557 530 505 481 527 497 469 442 417 475 444 415 388 362 429 397 368 340 315 287 257 229 388 356 326 299 275 195 168 145 237 208 182 160 140 319 290 263 239 215 187 153 141 123 162 137 116 099 084 093 .078 094 076 061 0.49 040 056 052 000 037 025 205 125 183 108 065 16 17 853 844 BE 828 820 728 714 -700 685 673 605 587 570 554 534 513 49.4 475 456 458 436 416 396 377 394 371 350 331 312 339 317 296 276 258 292 270 250 232 215 .252 231 212 194 178 218 198 180 164 149 163 146 130 116 104 123 108 095 083 073 107 098 081 070 061 093 080 069 060 051 071 060 051 03 097 054 345 038 031 026 032 026 021 017 014 019 015 012 000 007 19 20 25 780 610 478 375 295 233 184 146 116 0929 335 030 034 016 010 005 002 30 742 552 412 308 231 174 131 099 075 057 033 020 015 012 2007 004 002 001