What is the price (per $1,000 of face value) of a seven-year 8 percent coupon bond?...

  

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What is the price (per $1,000 of face value) of a seven-year 8 percent coupon bond? Assume that the discount rate is 6 percent and that coupons are paid annually at the end of the year. 2. Imagine the bond described in the previous question has a market price of $1,300. Using Excel, find the yield to maturity of the bond. What is the price (per $1,000 of face value) of a seven-year 8 percent coupon bond? Assume that the discount rate is 6 percent and that coupons are paid annually at the end of the year. 2. Imagine the bond described in the previous question has a market price of $1,300. Using Excel, find the yield to maturity of the bond.

Answer rating: 100% (QA)

To calculate the price of a sevenyear 8 percent coupon bond we can use the present value formula Pri... View the full answer