Calculate the price of a bond with FV of $1,000, a coupon rate of 12 percent (paid
semi-annually), and 8 years to maturity when;
A. kb = 14 percent
B. kb = 12 percent
C. kb = 10 percent
(Round present value factor calculations to 5 decimal places, e.g. 1.25124 and final answers to 2 decimal places e.g. 1,289.71.)
What is the price of the bond with each k?