You will buy a bond issued by Cayuga Corporation. It has a coupon rate of Y% with a maturity of 5 years and' a par value of $1,000. if you hold this bond until its' maturity, you will earn Y% annually. Coupon payments are made semi-annually. At what price do you expect to buy this bond?

Answer rating: 100% (QA)

since the bonds coupon rate is ... View the full answer