Law homework help

Law homework help. Consider an eight-year, 13 percent annual coupon bond with a face value of $1,000. The bond is trading at a rate of 10 percent.a.What is the price of the bond? (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16))  Price of the bond$   b.If the rate of interest increases 1 percent, what will be the bond’s new price? (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16))Bond’s new price$   c.Using your answers to parts (a) and (b), what is the percentage change in the bond’s price as a result of the 1 percent increase in interest rates? (Negative value should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16))  Percentage change % d.Repeat parts (b) and (c) assuming a 1 percent decrease in interest rates. (Do not round intermediate calculations. Round your answers to 2 decimal places. (e.g., 32.16))Bond’s new price$     Percentage change%

Law homework help