Find the bond price (annual coupon payments) Par value: $1000 Coupon rate: 8% Years to maturity: 10

Question:

Find the bond price (annual coupon payments)

Par value: $1000

Coupon rate: 8%

Years to maturity: 10

Yield to maturity: 6%

Coupon
A coupon or coupon payment is the annual interest rate paid on a bond, expressed as a percentage of the face value and paid from issue date until maturity. Coupons are usually referred to in terms of the coupon rate (the sum of coupons paid in a...