What should be today$$s market price of a five$-$year bond with a $4\%$ annual coupon with a face value of $$2,000?$ Assume the market bond yield of $6\%.$

Question $4$ Answer

a$.$

$$1,913\mathrm{.}41$

b$.$

$$1,831\mathrm{.}51$

c$.$

$$2,089\mathrm{.}04$

d$.$

$$1,753\mathrm{.}99$

e$.$

$$2,267\mathrm{.}11$

f$.$

$$2,178\mathrm{.}07$