Question: Given: US$ 1000 par value; coupon rate = 5%; maturity = 15 years; required rate of return (r) = 3% Solve for the following: a).

Given:

US$ 1000 par value; coupon rate = 5%; maturity = 15 years; required rate of return (r) = 3%

Solve for the following:

a). Price of the bond today

b). All else the same, if coupon is 7%; price of the bond today

c). All else the same, if maturity is 10 years; price of the bond today

d). All else the same, if r = 6%

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