An investor has a bond with a 6% coupon, 30 years maturity with a par value of
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An investor has a bond with a 6% coupon, 30 years maturity with a par value of $2,000 paying 60 semi-annual coupons payments of $60. The interest rate is 8% annually. What is the bond’s present value?
Related Book For
Business Statistics in Practice
ISBN: 978-0077404741
6th edition
Authors: Bruce Bowerman, Richard O'Connell
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