Question: How do I approach problem #4, given the information in #3? . Suppose you have the opportunity to buy a bond with a par value
How do I approach problem #4, given the information in #3?

. Suppose you have the opportunity to buy a bond with a par value of $1,000 and semi- annual coupon payments of $40 that matures in 10 years. Assuming a market rate of 5% (annual), what is the price of this bond? . Assume that the bond in problem Sis selling for $1024. Using a sprudsheet program, what is the yield to maturity (to 2 decimal places)? What is the current yield
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