Marco Chip, Inc. just issued zero-coupon bonds with a par value of $1,000. The bond...
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Marco Chip, Inc. just issued zero-coupon bonds with a par value of $1,000. The bond has a maturity of 5 years and a yield to maturity of 11.99 percent, compounded semi-annually. What is the current price of the bond?
Round the answer to two decimal places.
Bright Sun, Inc. sold an issue of 30-year $1,000 par value bonds to the public. The bonds had a 12.99 percent coupon rate and paid interest annually. It is now 10 years later. The current market rate of interest on the Bright Sun bonds is 10.84 percent. What is the current market price (intrinsic value) of the bonds?
Round the answer to two decimal places.
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