What is the market price of a bond if the face value is


What is the market price of a bond if the face value is $1,000 and the yield to maturity is 6.2 percent? The bond has a 5.75 percent coupon rate and matures in 12.0 years. The bond pays interest semiannually.

Solution Preview :

Prepared by a verified Expert
Finance Basics: What is the market price of a bond if the face value is
Reference No:- TGS02935706

Now Priced at $10 (50% Discount)

Recommended (94%)

Rated (4.6/5)