Zero Coupon Bonds You find a zero coupon bond with a par value of $$10,000$ and $24$ years to maturity. If the yield to maturity on this bond is $4\mathrm{.}2$ percent, what is the dollar price of the bond? Assume semiannual compounding periods.

Valuing Bonds Yan Yan Corp. has a $$2,000$ par value bond outstanding with a coupon rate of $4\mathrm{.}7$ percent paid semiannually and $13$ years to maturity. The yield to maturity of the bond is $5\mathrm{.}05$ percent. What is the dollar price of the bond?

Valuing Bonds Union Local School District has a bond outstanding with a coupon rate of $2\mathrm{.}9$ percent paid semiannually and $16$ years to maturity. The yield to maturity on this bond is $2\mathrm{.}7$ percent, and the bond has a par value of $$5,000.$ What is the dollar price of the bond?

Calculating Real Rates of Return If Treasury bills are currently paying $4\mathrm{.}6$ percent and the inflation rate is $1\mathrm{.}9$ percent, what is the approximate real rate of interest? The exact real rate?