What is the price of each of the following bonds ($1,000 principal) if the current interest rate is 9 percent?

Firm A Coupon 7% Maturity 5 years

Firm B Coupon 7% Maturity 15 years

Firm C Coupon 20% Maturity 5 years

Firm D Coupon 20% Maturity 15 years

Firm E Coupon 0% (zero coupon bond) Maturity 5 years

Firm F Coupon 0% (zero coupon bond) Maturity 15 years Round your answer to the nearest cent.

What is the duration of each bond? Round your answers to two decimal places.

Firm A

Firm B

Firm C

Firm D

Firm E

Firm F