i asked here before and thise answers are incorrect please help A $1,000 par value bond has

i asked here before and thise answers are incorrect please help

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A $1,000 par value bond has a 9 percent coupon, which is paid on a semiannual basis. It matures in either 1 year or 15 years. Current yields on similar bonds are either 8 percent or 12 percent. a. Calculate the price of the bond for the four possibilities. (Use a Financial calculator to arrive at the answers. Do not round intermediate calculations. Round the final answer to 2 decimal places.) Price of the bond 1 year 1 year 8 percent $ 980.88 12 percent $ 95213 15 years 12 percent $ 786 08 15 years 8 percent $ 1053.49 b. What is the relationship between price and yield? Price and yield are Inversely related. c. What is the relationship between bond price changes and time to maturity? Bond prices change more for longer for a given yield change. 4 A $1,000 par value bond has a 9 percent coupon, which is paid on a semiannual basis. It matures in either 1 year or 15 years. Current yields on similar bonds are either 8 percent or 12 percent. a. Calculate the price of the bond for the four possibilities. (Use a Financial calculator to arrive at the answers. Do not round intermediate calculations. Round the final answer to 2 decimal places.) Price of the bond 1 year 1 year 8 percent $ 980.88 12 percent $ 95213 15 years 12 percent $ 786 08 15 years 8 percent $ 1053.49 b. What is the relationship between price and yield? Price and yield are Inversely related. c. What is the relationship between bond price changes and time to maturity? Bond prices change more for longer for a given yield change. 4