Zero-coupon

bond.

Wesley Company will issue a zero-coupon bond

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this coming month. The projected bond yield

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is

7%.

If the par value

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is

$5,000,

what is the bond's price using a

semiannual

convention ifa. the maturity

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is

10

years?b. the maturity is

40

years?c. the maturity is

60

years?d. the maturity is

100

years?

a. What is the price of the bond using a

semiannual

convention if the maturity is

10

years?

$nothing

(Round to the nearest cent.)