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Q 3 . Calculate the current price of a $ 1 , 0 0 0 par value bond that has a coupon rate of 6

Q3. Calculate the current price of a $1,000 par value bond that has a
coupon rate of 6 percent, pays coupon interest annually, has 23
years remaining to maturity, and has a current yield to maturity
(discount rate) of 10 percent. (Round your answer to 2 decimal
places and record without dollar sign or commas).
Question 4- Calculate the current price of a $1,000 par value bond that has a coupon rate of 18 percent, pays coupon interest annually, has 10 years remaining to maturity, and has a current yield to maturity (discount rate) of 9 percent. (Round your answer to 2 decimal places and record without dollar sign or commas).
Question 5-Compute the price of a $ 7,012 par value, 17 percent coupon consol, or perpetual bond (i.e., coupon interest payment is a perpetuity), assuming that the yield to maturity on the bond is 8 percent. (Round your answer to 2 decimal places and record without dollar sign or commas).

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