First choice Ltd issues a 20-year semi-annual coupon bond with a face value of $1000 and a coupon rate of 8.5%. If the c

[answerhappygod]

First choice Ltd issues a 20-year semi-annual coupon bond with a
face value of $1000 and a coupon rate of 8.5%. If the current
market rate is 7% (compounded semi-annually), what is the current
price of the bonds?
Which of the following statements relating to shareholders is
true?
Shareholders are prioritised to receive the company's residual
cash flow in liquidation
Shareholders have the priority in receiving dividend first
before interest payment to debt holders
Dividend payments to shareholders are fixed and compulsory
Shareholders have the ability to vote for the board of
directors
Krisbow Ltd issues a 10-year bond with an 8% coupon rate
semi-annually and pays $1000 at maturity. If investors require an
8% yield to maturity (compounded semi-annually), what price should
the bond sell for?
$543.61
$456.39
$1,000.00
$1,543.61