Question: please answer both You are considering a 20-year, $1,000 par value bond. Its coupon rate is 8%, and interest is paid semiannually. If you require

You are considering a 20-year, $1,000 par value bond. Its coupon rate is 8%, and interest is paid semiannually. If you require an "effective" annual interest rate (not a nominal rate) of 7.6035%, how much should you be willing to pay for the bond? Do not round intermediate calculations. Round your answer to the nearest cent. Nesmith Corporation's outstanding bonds have a $1,000 par value, a 7% semiannual coupon, 9 years to maturity, and a 7.5% YTM. What is the bond price? Round your answer to the nearest cent. $
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