You are evaluating the price of a bond to determine if it is a good investment. The
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You are evaluating the price of a bond to determine if it is a good investment. The bond has 10 years to maturity, a YTM of 6%, and a coupon rate of 10% based on its face value of $1,000. If the coupon payments are made semiannually, what should the price of this bond be?
Related Book For
Financial Accounting an introduction to concepts, methods and uses
ISBN: 978-0324789003
13th Edition
Authors: Clyde P. Stickney, Roman L. Weil, Katherine Schipper, Jennifer Francis
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