Question: I could use help with #2 1. A 6.75% coupon rate bond makes annual interest rate payments. Par value is $1,000.The bond matures in 12

I could use help with #2

1. A 6.75% 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 7.25%. What is the current price

  1. 960.81
  2. 960.37
  3. 958.25
  4. 948.22

2. Refer to the previous question. What if the bond pays semi-annual interest payment. What is the value of a semi-annual bond.

  1. 960.81
  2. 960.37
  3. 958.25
  4. 948.22

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