A 10-year 1000 par value bond has a 9 semiannual coupon and


A 10-year $1,000 par value bond has a 9% semiannual coupon and a nominal yield to maturity of 8.8%. What is the price of the bond?

Solution Preview :

Prepared by a verified Expert
Finance Basics: A 10-year 1000 par value bond has a 9 semiannual coupon and
Reference No:- TGS01512050

Now Priced at $10 (50% Discount)

Recommended (98%)

Rated (4.3/5)