The yield to maturity for this bond is 9 what is the price


AAA Company is about to issue a bond with semiannual ?coupon payments, an annual coupon rate of 10%, and a par value of ?$1,000. The yield to maturity for this bond is 9%

a. What is the price of the bond if it matures in 5 ?years?

Solution Preview :

Prepared by a verified Expert
Risk Management: The yield to maturity for this bond is 9 what is the price
Reference No:- TGS02278734

Now Priced at $15 (50% Discount)

Recommended (92%)

Rated (4.4/5)