Caldwell, inc. sold an issue of 30-year, $1,000 par value bonds to the public. the bonds carry a 10.85% coupon rate and pay interest semiannually. it is now 12 years later. the current market rate of interest on the caldwell bonds is 8.45%.

what is the current market price of the bonds? (round to the nearest dollar.)

the answer is 1220. how to use calculator to get this answer?

Profits from using currency options and futures.on july 2, the two-month futures rate of the mexican peso contained a 2 percent discount (unannualized). there was a call option on pesos with an exercise price that was equal to the spot rate. there was also a put option on pesos with an exercise price equal to the spot rate. the premium on each of these options was 3 percent of the spot rate at that time. on september 2, the option expired. go to the oanda.com website (or any site that has foreign exchange rate quotations) and determine the direct quote of the mexican peso. you exercised the option on this date if it was feasible to do so. a. what was your net profit per unit if you had purchased the call option? b. what was your net profit per unit if you had purchased the put option? c. what was your net profit per unit if you had purchased a futures contract on july 2 that had a settlement date of september 2? d. what was your net profit per unit if you sold a futures contract on july 2 that had a settlement date of september 2