1. Calculate the current price of a $1,000 par value bond that has a coupon rate...

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Finance

1. Calculate the current price of a $1,000 par value bond thathas a coupon rate of 8 percent, pays coupon interest annually, has17 years remaining to maturity, and has a current yield to maturity(discount rate) of 12 percent. (Round your answer to 2decimal places and record without dollar sign orcommas).
2. Calculate the current price of a $1,000 par value bond thathas a coupon rate of 15 percent, pays coupon interest annually, has15 years remaining to maturity, and has a current yield to maturity(discount rate) of 5 percent. (Round your answer to 2decimal places and record without dollar sign orcommas).

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1Information provided Face value future value 1000 Time 17 years Yield to maturity 12 Coupon rate 8 Coupon payment 0081000 80 The current price of the bond is computed by calculating the See Answer

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1. Calculate the current price of a $1,000 par value bond thathas a coupon rate of 8 percent, pays coupon interest annually, has17 years remaining to maturity, and has a current yield to maturity(discount rate) of 12 percent. (Round your answer to 2decimal places and record without dollar sign orcommas).2. Calculate the current price of a $1,000 par value bond thathas a coupon rate of 15 percent, pays coupon interest annually, has15 years remaining to maturity, and has a current yield to maturity(discount rate) of 5 percent. (Round your answer to 2decimal places and record without dollar sign orcommas).