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Problem 13-01 A 51,000 bond has a coupon of 6 percent and matures after twelve years. Assume that the bond pays interest annually a. What

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Problem 13-01 A 51,000 bond has a coupon of 6 percent and matures after twelve years. Assume that the bond pays interest annually a. What would be the bond's price if comparable debt yields 8 percent? Use Appendix Band Appendix D to answer the question. Round your answer to the nearest dollar What would be the price if comparable debt yields 8 percent and the bond matures after six years? Use Appendix Band Appendix ) to answer the question. Round your answer to the nearest dollar, than c. Why are the prices different in a and b? The price or the bond in aisless than the price of the bond in as the principal payment of the bonding is further out the principal payment of the bond in b. (in time). d. What are the current yields and the yields to maturity in a and b? Round your answers to two decimal places The bond matures after twelve years CY YTM The bond mature ser som CY YTM Problem 13-03 A bond with 13 years to maturity has an annual interest payment of $35. If the bond sells for its par value, what are the bond's current yield and yield to maturity? Round your answers to two decimal places. CY YTM

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