Bonds

You purchase a bond with a face value of $1,000 and a coupon rate of 6% compounded semi-annually.  The bond has a maturity of 10 years.

1. What is the semi-annual coupon payment?
2. How much is the bond worth if you sell it in 3 years and the interest rate for similar bonds is 8% compounded semi-annually?
3. How much is the bond worth if you sell it in 4 years and the interest rate for similar bonds is 5% compounded semi-annually?

 

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