What is the appropriate value of a bond which pays 3 percent per year, will mature in 15 years, and would be priced to yield 5 percent per year?

a.Annual Coupon Amount = $30.00

b.Present Value Annuity Factor for (15 years, 5%) = 10.379658

c.Present Value of Annual Interest = (a * b) = $311.39

d.Redemption Value = $1,000.00

e.Present Value of (15 years, 5%) = 0.48102

f.Present Value of Redemption Amount = (d * e) = $481.02

g.Bond Price = (c + g) = $792.41

Answer: = $792.41

Hi there, can you please check if this answer is correct and also show the world clearly on how to find B, D, and E? Thank you.