What is the price of a 1000 par value semi-annual bond with


What is the price of a $1,000 par value semi-annual bond with 8 years to maturity and a coupon rate of 5.3% and a yield-to-maturity of 7.2? Show answer to the nearest cent with no comma.

Solution Preview :

Prepared by a verified Expert
Finance Basics: What is the price of a 1000 par value semi-annual bond with
Reference No:- TGS02508706

Now Priced at $10 (50% Discount)

Recommended (94%)

Rated (4.6/5)