please show work for each problem for business calculator. ex. rate, N, PMT,PV,F

Question

please show work for each problem for business calculator. ex. rate, N, PMT,PV,FV

The YTM on a zero coupon bond that matures in 1 year is 8.9% What is the price of the bond? Assume $1000 face amount. 5 The price on a zero eoupon bond that matures in 1 year is 967.20. What is the yield to maturity TM) of the bond? Assunme $1000 face amount. Show answer to nearest hundredth of 1 percent. Ex. 6.48% 6 You bought a Beta Tapeplayer Ine bond two days ago. It was rated AA by Stadard and Poor's aid was selling at a yield to maturity (YTM) of 6.10%. Today it was downgraded to an A rating snd the YTM The bond has a coupon rate of 5.70%, and has 13 years to maturity. Assume annual coupons and a $1000 face amount. What was your purchase price? What is it worth today? What has been your percentage loss in value? Note: Ignore the 2 days- treat it as if the bond rating dropped immediates after purchase. mere axed la 6.70%.

Explanation / Answer

4)

1 Par value (FV) $                                            1,000 2 Coupon rate 0.00% 3 Number of compounding periods per year 1 4 = 1*2/3 Interest per period (PMT) $                                                   -   5 Number of years to maturity 1 6 = 3*5 Number of compounding periods till maturity (NPER) 1 7 Market rate of return/Required rate of return 8.90% 8 = 7/3 Market rate of return/Required rate of return per period (RATE) 8.90% Bond price PV(RATE,NPER,PMT,FV)*-1 Bond price $                                          918.27

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