Question 1

You find a zero coupon bond with a par value of $10,000 and 13 years to maturity. The yield to maturity on this bond is 5 percent. Assume semiannual compounding periods. What is the price of the bond? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Assume semiannual compounding periods. What is the price of the bond?Specify the steps for the answer using fiancial calculator

Question 2

Dufner Co. issued 17-year bonds one year ago at a coupon rate of 6.8 percent. The bonds make semiannual payments.

If the YTM on these bonds is 5.4 percent, what is the current dollar price assuming a par value of $1,000? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Find the current dollar price assuming a par value of $1000.Specify the steps for the answer using fiancial calculator