Question
Question 1 (a) FUTURE PRICE A bond has a $1,000 par value, 14 years to maturity, and a 6% semiannual coupon and sells for $975.
Question 1
(a) FUTURE PRICE A bond has a $1,000 par value, 14 years to maturity, and a 6% semiannual coupon and sells for $975. Assume that the yield to maturity remains at 6.27% for the next 2 years. What will the price be 2 years from today? Round to TWO decimal places.
(b) BOND VALUATION Callaghan Motors' bonds have 10 years remaining to maturity. Interest is paid semiannually, they have a $1,000 par value, the coupon interest rate is 8%, and the yield to maturity is 9%. What is the bond's current market price?
Please accurate answers there is no talorance in this question.if you can not let the other to do please
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