The us treasury issued a 7-year maturity1000 par value bond, Financial Management

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The us treasury issued a 7-year maturity1000 par value bond

The US Treasury issued a 7-year maturity,$1,000 par value bond exaclty 3 year ago. The bond pays a nominal coupon rate of 12%. The coupon payments are paid semiannually. The most recent coupon payment (the 6th coupon payment) was made yesterday. Your required rate of return from the bond is 10% per year.

What is the price of the bond today?

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Financial Management: The us treasury issued a 7-year maturity1000 par value bond

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Financial Management: The us treasury issued a 7-year maturity1000 par value bond

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