Question: What is the price ( per $ 1 , 0 0 0 of face value ) of a 7 year 8 % coupon - bond

What is the price (per $1,000 of face value) of a 7 year 8% coupon-bond issued by the U.S. Treasury? You may assume that the effective annual discount rate is 5%.(ROUND TO THE NEAREST DOLLA
b.) You looRk in the Wall Street Journal and find that the price of the bond described above in part (a) is actually $1,300. What yield-to-maturity does this price imply

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