Question 3 (7 points) Calculate the current price of a $1,000 par value bond that has a coupon rate of 6 percent, pays coupon interest annually, has 17 years remaining to maturity, and has a current yield to maturity (discount rate) of 14 percent. (Round your answer to 2 decimal places and record without dollar sign or commas Your Answer: Answer Question 4 (7 points) Calculate the current price of a $1,000 par value bond that has a coupon rate of 15 percent, pays coupon interest annually, has 16 years remaining to maturity, and has a current yield to maturity (discount rate) of 7 percent. (Round your answer to 2 decimal places and record without dollar sign or commas) Your Answer: Answer Question 5 (7 points) Compute the price of a $ 8,834 par value, 13 percent coupon consol, or perpetual bond (i.e., coupon interest payment is a perpetuity), assuming that the yield to maturity on the bond is 8 percent. (Round your answer to 2 decimal places and record without dollar sign or commas). Your
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