Question

Calculate the price of the following bonds, where F is the face value,c is the coupon rate, and N is the number of years to maturity and i is the interst rate (or discount rate or yield):

a. F= $100, c=10%, N=2, i=8%

b. F=$10,000, c=6%, N=3, i=9%

c.F=$1,000, c=0%, N=10, i=6%

d. F=$10,000, c=7%,
N--> infinity(bond never matures), i=6%

Thank you,

Paul