Calculate the fair present values of the following bonds, all of which pay interest semiannually, have a face value of $1,000, have 10 years remaining to maturity, and have a required rate of return of 15.5 percent.
a. The bond has a 7.2 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 9.2 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 15.5 percent coupon rate. (Do not round intermediate calculations.) Fair present value $
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Calculate the fair present values of the following bonds, all of which pay interest semiannually, ha...
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