A bond has the following terms: Principal amount $1,000 Semi-annual interest $45 Maturity 15 years a. What is the bond's price if comparable debt yields 11%? b. What would be the price if comparable debt yields 11% and the bond matures after ten years? c. What are the current yields and yields in a. and b.?

Essentials Of Investments
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Chapter1: Investments: Background And Issues
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A bond has the following terms:

Principal amount $1,000

Semi-annual interest $45

Maturity 15 years

a. What is the bond's price if comparable debt yields 11%?

b. What would be the price if comparable debt yields 11% and the bond matures after ten years?

c. What are the current yields and yields in a. and b.?

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