A 19-year U.S. Treasury bond with a face value of $1,000 pays a coupon of 5.00% (2.500% of face value every six months). The reported yield to maturity is 4.8% (a six-month discount rate of 4.8/2 = 2.4%). (Do not round intermediate calculations. Round your answers to 2 decimal places.)
a) What is the present value of the Bond?
b) If the yield to maturity changes to 1% what will be the present value?
c) If the yield to maturity changes to 8% what will be the present value?
d) If the yield to maturity chanegs to 15%, what will be the present value?