An 8% semiannual coupon bond matures in 6 years. The bond has a face value of $1,000
Fantastic news! We've Found the answer you've been seeking!
Question:
An 8% semiannual coupon bond matures in 6 years. The bond has a face value of $1,000 and a current yield of 8.3977%.
What is the bond's price? Round your answer to the nearest cent. $_______
What is the bond's YTM? Round your answers to two decimal places. _______%
Related Book For
College Mathematics for Business Economics Life Sciences and Social Sciences
ISBN: 978-0321614001
12th edition
Authors: Raymond A. Barnett, Michael R. Ziegler, Karl E. Byleen
Posted Date: