Question: Can someone please help me to solve it. I do not the how this correct answer came. How much should you pay for a $10,000
Can someone please help me to solve it. I do not the how this correct answer came.
How much should you pay for a $10,000 face bond, with a 6.2% semi annual coupon and 12 years to maturity. The yield today for bonds of the same quality and maturity is 3.3%. Input your answer to two decimal places (include pennies).
Correct Answer: 12,854.43 0.1
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
