What is the value of a 22-year bond with an annual coupon


What is the value of a 22-year, bond with an annual coupon rate of 9.2%, but making semiannual interest payments? The bond has a face value of $1,000, and you require an annual 8.2% discount rate for this investment.

  • $1,105.69
  • $1,089.52
  • $1,092.80
  • $1,097.90
  • $1,101.14

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Finance Basics: What is the value of a 22-year bond with an annual coupon
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