Using the information below, compute the prices of the following SEMI-ANNUAL payment bonds. Show your computation in...

Using the information below, compute the prices of the following SEMI-ANNUAL payment bonds. Show your computation in every case.

Par Value	Coupon Rate	Yield to Maturity			Years to Maturity
$3,000	8		12%	15
$3,000	8		8	15
$3,000	8		4	15

Indicate which bond is selling at discount, par, and premium. (Use the formula.)
What is the relationship between bond prices and interest rates?

(Please include the formula you are using, thank you!)

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Expert Solution

jeff jeffy answered 1 year ago

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