The current required rate of return is 5 what is the price


A 10-year bond has a par value of $1000, and a coupon rate of 5%. The current required rate of return is 5%. What is the price of the bond? Need formula and answer

Solution Preview :

Prepared by a verified Expert
Finance Basics: The current required rate of return is 5 what is the price
Reference No:- TGS02686399

Now Priced at $10 (50% Discount)

Recommended (97%)

Rated (4.9/5)