Intro Ultra Air's bonds have a 12-year maturity, a 10% coupon, paid semiannually, and a par value of $1,000. Part 1 Attempt 1/50 for 1 pts. What is the bond's value (in $ ) if the required return (YTM) is 6% ? Correct P=I/2[rb/211/(1+rb/2)2n]+(1+rb/2)2nM=50[0.0311/(1+0.03)24]+(1+0.03)241,000=1,338.71 Alternatively, we can use a financial calculator: Using Excel (do not enter the thousands separators): =PV( rate, nper, pmt, fv) =PV(0.03,24,50,1,000) =1,338.71 What is the bond's value (in $ ) if the required return (YTM) is 7% ? Part 3 What is the bond's value (in $ ) if the required return (YTM) is 5%