Terry purchased a $ 10,000 face value Thunder Bay Telecommunications Inc.bond maturing in five years. The coupon rate was 6.5 % payable semi-annually. If the prevailing market rate at the time of purchase was 5.8 % compounded semi-annually, what price did Terry Play for the bond?If the bond was purchased on January 1, 2020, what would be the maturity date of the bond

Answer rating: 100% (QA)

Using the formula P C1yt F1yT Where C Periodic coupon payment Y Yield to Maturity F Face value ... View the full answer