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Problem 8.29 a-d (Part Level Submission) (Excel Video) The Wildhorse Department of Transportation has issued 25-year bonds that make semiannual coupon payments at a rate of 10.175 percent. The current market rate for similar securities is 10.1 percent. Assume that the face value of the bond is $1,000. (Note: This template includes the problem statement as it appears in your textbook. The problem assigned to you here may have different values. When using this template, copy the problem statement from this screen for easy reference to the values you've been given here, and be sure to update any values that may have been pre entered in the template based on the textbook version of the problem.) Your answer is correct. What is the current market value of one of these bonds? (Round answer to 2 decimal /p Current market value Open Show work Click if you would like to Show Work for this question: LINK TO TEXT LINK TO TEXT LINK TO TEXT Attempts: 1 of 3 u sed ype here to search (b) Your answer is incorrect. Try again. bond's price if rates in the market () decrease to 8.10 percent or (0) increase to 11.1 percent? (Round answers to 2 decimal places, e.s 15.25.) on Bond's price 0232 (i) Decrease to 8.10 percent 925.24 (ii) Increase to 11.1 percent 1118.54 ion Click if you would like to Show Work for this question: Open Show Work By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor. Attempts: 3 of 3 used You have this attempt, and any su you will earn points according to the Point 042 P ere to search answer this question correctly in two attempts or less Your answer is incorrect. Try again. Suppose the bond were to maturein 12 years, What il be the bond's price ifrates i he maket to dereasto810 arcant decrease to 8.10 percent or (il) increase to 11.1 percent? (Round answers to 2 decimal places, e.g. 15.25.) (i) Bond's price if rate decrease to 8.10 percent (ii) Bond's price if rate increase to 11.1 percent Click if you would like to Show Work for this question: on 925.24 1118.54 Open Show Work LINK TO TEXT LINK TO TEXT LINK TO TEXT By accessing this Question Assistance, you will learn while you earn points based on the Point Potential policy set by your instructrr Attempts: 1 of 3 used SAVE FOR LSURNIT ANSWER Earn Maximum Points available re to search

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