A 30-year bond with a face value of 1000 and a 5 percent


Finance Question

A 30-year bond with a face value of $1,000 and a 5 percent coupon payment was issued in 2010. Since the bond was issued, interest rates have risen to 7 percent on comparable bonds. What is the bond selling for today?

Solution Preview :

Prepared by a verified Expert
Finance Basics: A 30-year bond with a face value of 1000 and a 5 percent
Reference No:- TGS02211923

Now Priced at $10 (50% Discount)

Recommended (91%)

Rated (4.3/5)