Problem:
The Modigliani Company has a discount bond making semiannual payments. This bond pays a 6 percent coupon, has a YTM of 10.5 percent, and also has 13 years to maturity. Assume interest rates remain unchanged.
Required:
Question: Calculate the price of Modigliani Company bond, in year 1, in year 3, in year 13.
Note: Please answer in proper manner and show all computations