Outstanding bonds-what is the bond price

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Reference no: EM131867895

1. Bond valuation

Nungesser Corporation's outstanding bonds have a $1,000 par value, a 8% semiannual coupon, 10 years to maturity, and an 9.5% YTM. What is the bond's price? Round your answer to the nearest cent.

2. Using a $20,000 loan, a 5-year repayment period and 6% interest calculate the amount of interest paid if payments are made.

a) Annually at the end of every year.

b) Semi-annually starting in 6 months

c) Monthly at the end of each month.

d) Every two weeks starting in 2 weeks.

Reference no: EM131867895

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