In: Finance
Calculate the value of each of the bonds shown in the following table, all of which pay interest semiannually
Bond |
Par Value |
Coupon interest rate |
Years to maturity |
Required stated annual return |
|||||
A |
$1,000 |
8 |
% |
10 |
11 |
% |
|||
B |
500 |
14 |
15 |
10 |
|||||
C |
500 |
14 |
6 |
12 |
The value of bond A is
$nothing. ?
(Round to the nearest cent.)