Bond valuation. A $1,000 par value bond with an annual 12 percent coupon rate will mature in 15 years. Coupon payments are made semiannually. What is the market price if the required annual market...

Bond valuation. A $1,000 par value bond with an annual 12 percent coupon rate will mature in 15 years. Coupon payments are made semiannually. What is the market price if the required annual market rate is 10 percent?

Bond valuation. Currently, Sentaria Hospital’s tax–exempt bond issuance is selling for $619.70 per bond and has a remaining maturity of 15 years. If the par value is $1,000 and the coupon rate is 5 percent, what is the yield to maturity?