Question: Please answer the following and show all work. Suppose a seven-year, $1000 par value bond with an 8% coupon rate and semiannual coupons is trading
Please answer the following and show all work.
Suppose a seven-year, $1000 par value bond with an 8% coupon rate and semiannual coupons is trading with a YTM of 6.75%. Is this bond currently trading at a discount, at par. or at a premium? Explain how you can tell A company's bonds have a $1000 par value, a 6% semiannual coupon. 5 year to maturity, and 8% YTM. What is the bond's price
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