A bond has a par value of 1000 and currently sells for 987


A bond has a par value of $1000 and currently sells for $987. The bond's coupon rate is 7.9% and coupon payments are made semiannually. What is the dollar amount of each semiannual coupon payment? Round to the nearest dollar.

Request for Solution File

Ask an Expert for Answer!!
Finance Basics: A bond has a par value of 1000 and currently sells for 987
Reference No:- TGS0598047

Expected delivery within 24 Hours