Hi, I am new at this and I am in my last semester for college. I can not get the answers to my questions. No matter how much I read and reread the chapter I still don't understand how to get the answers to my homework questions. I am in Practical Finanical Management and I am using a BAII Plus Calculator. Could please help me I am really struggling with these, I just don't understand and I am becoming very frustrated. Here is my first question:Calculate the market price and current yield of a $1000 face value bond under the following conditions:
Coupon Rate Time Until Maturity Current Market Rate
a.12% 15yrs 12%
b.6% 5 yrs 10%
c.8% 25 yrs 6%
d.12% 20 yrs 9%
e.5% 6 yrs 10%

Thank you,
Nikki

A quick googling truns up many sites to learn the concepts:
Advanced Bond Concepts: Bond Pricing (http://www.investopedia.com/university/advancedbond/advancedbond2.asp)

Thank you. But I have tried to Google and didn't find anything that was helpful. I also went to the link that you provided and I am still confused on how to do it.

a.12% 15yrs 12%

On your calculator, you punch in:
FV = 1,000
N = 15
I = 12%
PV =??