Compute price of par value bond with coupon rate


Compute the price of a $10,000 par value bond with a coupon rate of 8% (semi-annual payments) and 15 years remaining to maturity. Assume that the current yield to maturity on the bond is 8.70%.

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Finance Basics: Compute price of par value bond with coupon rate
Reference No:- TGS0678448

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