You purchase a $19,000 Fed-Ex 12.750% bond maturing May 21, 2019. The bond is priced to yield 13.375% and settles March 27, 2017. Your first coupon payment of ? will be paid on ?


The present value of this payment on the settlement date is $______?_________

Answer rating: 100% (QA)

calculate the first coupon payment we need to know the coupon rate and the face value of the bond Th... View the full answer