What is the value of the bond if interest is paid twice per year? Slides 25-6...

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What is the value of the bond if interest is paid twice per year? Slides 25-6 will help. Assume: . The bond was issued 30 years ago • The bond has 2 years to maturity • The yield to maturity is 8% • The annual coupon rate is 6% . The par value is $1,000 • The bond pays interest twice per year (it is a semiannual pay bond) How to enter answer: Enter answer in two decimal points without commas and don't enter the dollar sign. That is, if the answer is $1,215.87, enter 1215.87. What is the value of the bond if interest is paid twice per year? Slides 25-6 will help. Assume: . The bond was issued 30 years ago • The bond has 2 years to maturity • The yield to maturity is 8% • The annual coupon rate is 6% . The par value is $1,000 • The bond pays interest twice per year (it is a semiannual pay bond) How to enter answer: Enter answer in two decimal points without commas and don't enter the dollar sign. That is, if the answer is $1,215.87, enter 1215.87.

Answer rating: 100% (QA)

To calculate the value of the bond we need to use the bond p... View the full answer