1.
=PV((9%+2%)/2,2*4,-9%*1000/2,-1000)/1000-1=-6.33456598786524%
2.
=PV((9%+2%)/2,2*15,-9%*1000/2,-1000)/1000-1=-14.5337451711221%
3.
=PV((9%-2%)/2,2*4,-9%*1000/2,-1000)/1000-1=6.87395553667858%
4.
=PV((9%-2%)/2,2*15,-9%*1000/2,-1000)/1000-1=18.3920454113628%
Both Bond Sam and Bond Dave have 9 percent coupons, make semiannual payments, and are priced...
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