A bond has a redemption value of 100 and a redemption date, Financial Management

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A bond has a redemption value of 100 and a redemption date

A bond has a redemption value of $100 and a redemption date ten years from now. It has a coupon rate of 8% and pays interest twice per year. If the current annual bond yield is 6% what is the bond’s current value? Give your answer in dollars to two decimal places. [Note that an annual bond yield is simply divided by two to arrive at the half-year yield.]

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Financial Management: A bond has a redemption value of 100 and a redemption date

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Financial Management: A bond has a redemption value of 100 and a redemption date

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