Calculate the fair present values of the following bonds, all of which pay interest semiannually, have a face value of $1,000, have 12 years remaining to maturity

Calculate the fair present values of the following bonds, all of which pay interest semiannually, have a face value of $1,000, have 12 years remaining to maturity, and have a required rate of return of 12.5 percent.

  1. The bond has a 6 percent coupon rate. (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16))
  2. The bond has a 8 percent coupon rate. (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16))
  3. The bond has a 12.5 percent coupon rate. (Do not round intermediate calculations.)
a. Fair present value 601.37selected answer correct b. Fair present value 724.02selected answer correct c. Fair present value 1,000