Bond value and time—Constant required returns   Pecos Manufacturing has just issued a 15​-year, 14​% coupon interest​ rate, $1,000​-par bond that pays interest annually. The required return is currently 13​%, and the company is certain it will remain at 13​% until the bond matures in 15 years.   a.  Assuming that the required return does remain at 13​% 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?

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

View Policies Current Attempt in Progress Carla Vista, Inc., has four-year bonds outstanding that pay a coupon rate of 7.0 percent and make coupon payments semiannually. If these bonds are currently selling at $921.69. What is the yield to maturity that an investor can expect to earn on these bonds? Assume face value is $1,000. (Round answer to 1 decimal place, e.g. 15.2%) Yield to maturity % What is the effective annual yield? (Round answer to 1 decimal place, eg. 15.2%) Effective annual yield. %