What is a fair price of a $13-$year annual coupon bond, with a coupon rate of $5\mathrm{.}66\%,$ a face value of $$1000,$ and a yield$-$to$-$maturity of $8\mathrm{.}19\%?$

$($Answer to nearest $$0\mathrm{.}01)$

Answer rating: 100% (QA)

The fair price of the bond is 79989 This is because the yieldtomaturity YTM of 819 is higher tha... View the full answer