What is the price of an annual coupon bond whose par value

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(a) What is the price of an annual coupon bond whose par value is 1,000, that pays interest of 7%, has a maturity of eight years, and whose yield to maturity is 6.5%?

(b) What is the yield to maturity of a bond whose price is 1,200, whose par value is 1,000, that pays 6% interest semi-annually, and that has 9 years to maturity?

(c) If a zero-coupon bond will mature in 5 years, its par value is 1,000, and its price is 825, then what is its yield to maturity?

Reference no: EM131051394

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