a) Mark has a government of Canada bond that has a par value of $30 000 and a coupon rate of 6%, payable semi-annually. the bond has 15 years to maturity. Mark needs to sell the bond, and new bonds are currently carrying coupon rates of 8%, payable semi-annually. at what price could Mark sell the bond ?
b) What if mark’s government of Canada bond had a coupon rate of 9%, payable semi-annually and new bonds still had interest rates of 8%, payable semi annually. what price could mark sell the bond for in this situation ?