Bond Valuation with Semiannual Payments Renfro Rentals has issued bonds that have a 7% coupon rate, payable semiannually. The bonds mature in 18 years, have a face value of $1,000, and a yield to maturity of 6.5%. What is the price of the bonds? Round your answer to the nearest cent.

Smithson Co.'s Class A bonds have 10 years to go until maturity. They have a $1,000 face value and carry coupon rates of 8%. Approximately what do the bonds yield at the following prices? Assume bond coupons are paid semiannually.   a. $770.   b. $875.   c. $1,000.

Problem: A company has issued three bonds (Par Value S1,000) with the following data: What happends to the bond prices as each bond approaches the maturity date? (assume similar bonds with 15 year maturity sell for 10% coupon rate and that this rate stays const. over time) Market rate 10% 5-years ago 10-years ago 25 year bond Issue date Maturity Coupon rate Coupon Payment Today 15 year bond 10% 20 year bond 7% 13% 70 100 130 15 15 15 Positive Values Positive Values Positive Values 6. 8. 9. 10 11 12 13 14

15 year bond have an annual coupon interest of 9% make interest payment on a semi-annual basis and have $1,000 par value if the bonds are trading with a market required yield to maturity of 17% are these premium for discount bonds? What is the price of the bonds?