Question: plz show the step without using excel 6. Determine the price of the following bonds: (a) A 12-year $5000 bond, redeemable at 101.75, with coupons

 plz show the step without using excel 6. Determine the price

plz show the step without using excel

6. Determine the price of the following bonds: (a) A 12-year $5000 bond, redeemable at 101.75, with coupons at :12) = 5% for the first 6 years and at ; 2) = 4.5% thereafter, bought to yield ;(2) = 6% for the first 5 years and ;(2) = 5.5% thereafter. (3 marks) (b) An 8-year $2000 bond, redeemable at par, with semi-annual coupons starting at $150 and each succeeding coupon being 90% of the preceding coupon, purchased to yield ;2) = 7%. (2.5 marks) (c) A 10-year $10,000 par-value bond with semi-annual coupons that starts at $280 and increase by $12 every 6-months thereafter. The desired yield rate is : 2) = 5%. (2.5 marks) (d) A perpetual bond that pays quarterly coupons of $100, with each succeeding coupon increasing by 0.75% per quarter forever, with a desired yield rat of ill) = 6%. (2 marks) 6. Determine the price of the following bonds: (a) A 12-year $5000 bond, redeemable at 101.75, with coupons at :12) = 5% for the first 6 years and at ; 2) = 4.5% thereafter, bought to yield ;(2) = 6% for the first 5 years and ;(2) = 5.5% thereafter. (3 marks) (b) An 8-year $2000 bond, redeemable at par, with semi-annual coupons starting at $150 and each succeeding coupon being 90% of the preceding coupon, purchased to yield ;2) = 7%. (2.5 marks) (c) A 10-year $10,000 par-value bond with semi-annual coupons that starts at $280 and increase by $12 every 6-months thereafter. The desired yield rate is : 2) = 5%. (2.5 marks) (d) A perpetual bond that pays quarterly coupons of $100, with each succeeding coupon increasing by 0.75% per quarter forever, with a desired yield rat of ill) = 6%. (2 marks)

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