The bond of Floyd Corp. are currently selling for price of bond $ 7 0 0 in

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Question:

The bond of Floyd Corp. are currently selling for price of bond $

700

in the bonds mature in

20

years the yield to maturity of these bonds is

8 %

this is a semi annual coupon bond with a par value of $

1000 .

the coupon rate of this bond is

4.97 .

How is this solved?

Posted Date: May 19, 2024 12:14 AM

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The bond of Floyd Corp. are currently selling for price of bond $ 7 0 0 in

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