Bond valuation. Assuming that the bond in problem 23 matures in 10 years, what would be the market prices under the various required interest rate changes? Bond valuation. A $1,000 par value bond with...

Bond valuation. Assuming that the bond in problem 23 matures in 10 years, what would be the market prices under the various required interest rate changes?

Bond valuation. A $1,000 par value bond with an annual 8 percent coupon rate will mature in 10 years. Coupon payments are made semiannually. What is its market price if the required annual market rate is 6 percent?