Answer, list ba ii plus commands for each

23. Suppose you have a bond with 4 years to maturity. The face value of the bond is $1,000 and its coupon rate is 6 percent (annual payments). When the required yield on this bond is 8 percent (compounded annually), what is the current price of the bond? 1) $964.3 2) $933.8 3) $1,035.7 4) $1,067.2 24. You are considering investing in a GM bond with 7 years to maturity. The face value of the bond is $1,000. The coupon rate is 6% (annual payments). when the market requires a yield to maturity of 5% for this bond, what is the price of the GM bond? 1) $934.6 2) $946.9 3) $1,043.7 4) $1,057.9