Question: 1. Simple Finance, please help! 1. (Example 7-1) Chevron issued a 25-year bond 5 years ago with a face value of $1,000. The bond pays

1. 1. Simple Finance, please help! 1. (Example 7-1) Chevron issued a 25-year Simple Finance, please help!

1. (Example 7-1) Chevron issued a 25-year bond 5 years ago with a face value of $1,000. The bond pays interest semiannually at an 8 % annual rate. a. What is the bond?s price today if the interest rate on comparable new issues is 10%? b. What is the price today if the interest rate is 6%? c. What is the price today if the interest rate is 8%

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