A 1000 par value bond that matures in 8 years pays 32 of


A $1,000 par value bond that matures in 8 years pays $32 of interest every six months and has a yield to maturity of 7.4 percent. What is the price of the bond? (Show your answer as a positive number to two decimals, e.g., 1234.56)

Request for Solution File

Ask an Expert for Answer!!
Financial Management: A 1000 par value bond that matures in 8 years pays 32 of
Reference No:- TGS02343190

Expected delivery within 24 Hours