Question: steps pls. without excel 15 A bond has $ 15000 face value and its coupon rate is 14.5 % (APR). The YTM of bonds with

steps pls. without excel
steps pls. without excel 15 A bond has $ 15000 face value

15 A bond has $ 15000 face value and its coupon rate is 14.5 % (APR). The YTM of bonds with similar risks is 15.4%. Coupon is paid on an annual basis at the end of each years. The maturity of this bond is 3 years. What is the fair price of this bond? Give the answer in round number without currency sign, e.g. if the answer is $ 1546.46 than write 1 546) ut of estion

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