BankMart Inc. recently issued bonds that mature in 11 years. They have a par value of $1,000 and an annual coupon of 6%. The current market interest rate is 8%.   What is the bond's value?

The Exley Company bonds are currently selling for $1,041.30. This is a 50-year bond issued 17 years ago, which pays semi-annual interest. Other bonds in the market similar to Exley Company's bond pay a market interest rate of 7.75%. What is the coupon rate?

Suppose that General Motors Acceptance Corporation issued a bond with 10 years until maturity, a face value of $1,000, and a coupon rate of 7.6% (annual payments). The yield to maturity on this bond when it was issued was 5.7%. What was the price of this bond when it was issued? www When it was issued, the price of the bond was $. (Round to the nearest cent.)

XYZ Inc. issued a 10-year bond with a par value of $1,000 and a coupon rate of 8%.   The bond was issued 4 year ago.   Every year, bond holders receive $40.00 on June 30 and December 31.   Your yield is 10%.   Required:   How much would you pay for the bond on Day 1 of Year 5?   How much would you pay for the bond on Day 1 of Year 5 if your yield were 6%?   Under what circumstance, if any, would you agree to pay $1,000 for the bond? Why?