Answers can be given using excel formulas

The bond you will use, to answer all questions is as follows: $1,000 par value, 5-year, 8.6% coupon bond Coupons payable semi-annually Redemption value equals par value The coupon rate, as usual in the bond world, is a nominal rate payable semi-annually Determine the price you will pay for Your Bond, at time zero, if you desire the following rates of return: i= 7.6% i = 8.6% 9.6% i = 8.6% ;(2) = |(12). = 8.6%