An outstanding bond is purchased at $9,867.10 with 10 years to maturity, a par value of $10,000 and an annual coupon payment of $800. What is the bond's yield to maturity?

A 10-year bond has a par value of $5,000 with a 6% nominal rate, compounded semiannually. It has a coupon rate of 8% and the coupon interest payments are semiannual. What is the current value of the bond?

  

Answer rating: 100% (QA)

To find the current value of the bond in the second scenario we can use the present value formula fo... View the full answer