1. Bond valuation
Nungesser Corporation's outstanding bonds have a $1,000 par value, a 8% semiannual coupon, 10 years to maturity, and an 9.5% YTM. What is the bond's price? Round your answer to the nearest cent.
2. Using a $20,000 loan, a 5-year repayment period and 6% interest calculate the amount of interest paid if payments are made.
a) Annually at the end of every year.
b) Semi-annually starting in 6 months
c) Monthly at the end of each month.
d) Every two weeks starting in 2 weeks.