Sunland, Inc., has outstanding bonds that will mature in six years and pay an $8$ percent coupon

semiannually. If you paid $$1,053\mathrm{.}26$ today and your required rate of return was $6\mathrm{.}3$ percent. $($Round

intermediate calculations to $5$ decimal places, e$.$g$.1\mathrm{.}25145$ and final answer to $2$ decimal places, e$.$g$.$

$15\mathrm{.}25.)$

Excel Template

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How much should you have paid for the bond?

Question:

uppose the bond were to mature in $12$ years. What will be the bond's price if rates in the market $($i$)$ decrease to $9\mathrm{.}80$ percent or

$($ii$)$ increase to $12\mathrm{.}8$ percent? $($Round answers to $2$ decimal places, eg

$1.$ bond price if rate decrease to $9\mathrm{.}80$ percent

$2.$ Bond price if rate increase to $12\mathrm{.}8$ percent