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I was wondering if you could confirm with me if my answers I got for this question are right. There are three parts to the

I was wondering if you could confirm with me if my answers I got for this question are right. There are three parts to the question, my answers are underlined :)

Suppose that, several years ago, the Canadian government issued three very similar bonds; each has a $1,000 face value and a 8-percent coupon rate and will mature in 5 years. The only difference between the bonds is the frequency of the coupon payments. If the market yield is now 6.7 percent.

Determine the price of the bond that pays coupons annually.(Round present value factor calculations to 5 decimal places, e.g. 1.25124 and final answer to 2 decimal places, e.g. 1564.25.)

My answer: 1053.73

Determine the price of the bond that pays coupons semi-annually.(Round present value factor calculations to 5 decimal places, e.g. 1.25124 and final answer to 2 decimal places, e.g. 1564.25.)

My answer: 1054.47

Determine the price of the bond that pays coupons monthly.(Round present value factor calculations to 5 decimal places, e.g. 1.25124 and final answer to 2 decimal places, e.g. 1564.25. Round intermediate calculations to 6 decimal places, e.g. 1.251246.)

My answer: 1055.27

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