Bond value and time-Constant required returns Pecos Manufacturing has just issued a 15-year, 16% coupon interest rate, $1,000-par bond that pays interest annually. The required return is currently 17%, and the company is certain it will remain at 17% until the bond matures in 15 years. a. Assuming that the required return does remain at 17% until maturity, find the value of the bond with (1) 15 years, (2) 12 years, (3) 9 years, (4) 6 years, (5) 3 years, (6) 1 year to maturity. b. All else remaining the same, when the required return differs from the coupon interest rate and is assumed to be constant to maturity, what happens to the bond value as time moves toward maturity? Explain in light of the following graph: a. (1) The value of the bond with 5 years to maturity is $. (Round to the nearest cent.)

Pecos Manufacturing has just issued a 15​-year, 15​% coupon interest​ rate, ​$1,000​-parbond that pays interest annually.  The required return is currently 18​%, and the company is certain it will remain at 18​% until the bond matures in 15 years.   a.  Assuming that the required return does remain at 18​% until​ maturity, find the value of the bond with​ (1) 15 ​years, (2) 12​ years, (3) 9​ years, (4) 6​ years, (5) 3​ years, (6) 1 year to maturity. b.  All else​ equal, when the required return differs from the coupon rate and is constant to​ maturity, what happens to the bond value as time​ passes? Explain in light of the following​ graph:

Yield to Maturity and Call with Semiannual Payments Thatcher Corporation's bonds will mature in 18 years. The bonds have a face value of $1,000 and an 8.5% coupon rate, paid semiannually. The price of the bonds is $950. The bonds are callable in 5 years at a call price of $1,050. What is their yield to maturity? What is their yield to call? Do not round intermediate calculations. Round your answers to two decimal places.

Bond valuation-Semiannual interest Find the value of a bond maturing in 5 years, with a $1,000 par value and a coupon interest rate of 11% (5.5% paid semiannually) if the required return on similar-risk bonds is 18% annual interest. The present value of the bond is $ (Round to the nearest cent.) C

Bond Valuation with Annual Payments Jackson Corporation's bonds have 9 years remaining to maturity. Interest is paid annually, the bonds have a $1,000 par value, and the coupon interest rate is 9%. The bonds have a yield to maturity of 10%. What is the current market price of these bonds? Do not round intermediate calculations. Round your answer to the nearest cent. $

Bond Valuation with Semiannual Payments Renfro Rentals has issued bonds that have a 9% coupon rate, payable semiannually. The bonds mature in 8 years, have a face value of $1,000, and a yield to maturity of 8.5%. What is the price of the bonds? Round your answer to the nearest cent. $

Yield to Maturity and Current Yield You just purchased a bond that matures in 15 years. The bond has a face value of $1,000 and an 8% annual coupon. The bond has a current yield of 8.37%. What is the bond's yield to maturity? Do not round intermediate calculations. Round your answer to two decimal places.   %   Please advise on this question