Question: Presented below are annual coupon rates, yield rates, and expected duration for a series of debentures. Calculate the issuance price for each debenture assuming

Presented below are annual coupon rates, yield rates, and expected duration for

Presented below are annual coupon rates, yield rates, and expected duration for a series of debentures. Calculate the issuance price for each debenture assuming that the face value of each bond is $1,000 and that interest is paid semiannually. Bond Coupon Rate Yield Rate Duration A 6.0 % 6.0 % 10 years B 9.0 % 8.0 % 15 years C 0.0 % 6.0 % 8 years D 4.0 96 8.0 % E 5.0 % 10.0 % 5 years 6 years Do not round until your final answer. Round your answer to the nearest dollar.

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