What is the bonds price


Problem

POBU's bonds have a 10-year maturity, a 6.25% semiannual coupon, and a par value of $1,000. The going interest rate is 4.75%, based on semiannual compounding. What is the bond's price?

Request for Solution File

Ask an Expert for Answer!!
Finance Basics: What is the bonds price
Reference No:- TGS03300229

Expected delivery within 24 Hours