Seven years ago ABC Corp. issues some 28 year zero coupon bonds that were priced with a market's required yield to maturity of 15% and a par value of $1,000.00.
a) What did these bonds sell or when they were issued $______.
b) Now that 7 years have passed and the markets required yield to maturity on these bonds has climbed to 17%, what are they selling for $_______.
c)If the market's required yield to maturity had fallen to 13%, what would they have been selling for?