Zero-coupon bond. Wesley Company will issue a zero-coupon bond this coming month. The projected bond yield is 9 %. If the par value is ?$5,000?, what is the? bond's price using a semiannual convention if
a. the maturity is 15 ?years?
b. the maturity is 40 ?years?
c. the maturity is 70 ?years?
d. the maturity is 90 ?years?
a. What is the price of the bond using a semiannual convention if the maturity is 15 ?years?
?$____(Round to the nearest? cent.)
b. What is the price of the bond using a semiannual convention if the maturity is 40 years?
?$____ ?(Round to the nearest? cent.)
c. What is the price of the bond using a semiannual convention if the maturity is 70 ?years?
?$____ ?(Round to the nearest? cent.)
d. What is the price of the bond using a semiannual convention if the maturity is 90? years?
?$_____ (Round to the nearest? cent.)