Calculate the fair present values of the bonds

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Calculate the fair present values of the following bonds, all of which pay interest semiannually, have a face value of $1,000, have 4 years remaining to maturity, and have a required rate of return of 14 percent.

a. The bond has a 8.8 percent coupon rate. (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16)) Fair present value ? $

b. The bond has a 10.8 percent coupon rate. (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16)) Fair present value ? $

c. The bond has a 14 percent coupon rate. (Do not round intermediate calculations.) Fair present value ? $

Reference no: EM131012178

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