Find maturity of bond in years and price of the bond


Calculate the following values.

a. A 10-year, 12 percent semiannual coupon bond, with a par value of $1,000 sells for $1,100. What is the bond's yield to maturity?

b. A 8 percent semiannual coupon bond, with a par value of $1,000 sells for $895. If the bond's yield to maturity is 5% then what is maturity of the bond in years?

c. A 10 year, 8 percent semiannual coupon bond, with a par value of $1,000 and yield to maturity is 5%. What is price of the bond?

 

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Finance Basics: Find maturity of bond in years and price of the bond
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