A $5\mathrm{.}25\%$ coupon rate bond makes annual interest rate payments. Par value is $$1,000.$

The bond matures in $12$ years. The required rate of return is $7\mathrm{.}25\%.$ What is the current price

a $818\mathrm{.}37$

b $822\mathrm{.}32$

c $843\mathrm{.}24$

d $841\mathrm{.}50$

e

Refer to the previous question. What if the bond pays semi$-$annual interest payment.

What is the value of a semi$-$annual bond.

a $818\mathrm{.}37$

b $822\mathrm{.}32$

c $843\mathrm{.}24$

d $841\mathrm{.}50$