Using the simple rate convention, find the yield of a 2 year bond traded at par, with face value $100, paying coupons of $3 00 every six months ...

The bond has a price of 100 and pays 300 that is 3 of its price e ...

Using the simple rate convention, find the yield of a 2-year bond traded at par, with face

Question:

Using the simple rate convention, find the yield of a 2-year bond traded at par, with $100, paying coupons of $3.00 every six months.
Face Value
Face value is a financial term used to describe the nominal or dollar value of a security, as stated by its issuer. For stocks, the face value is the original cost of the stock, as listed on the certificate. For bonds, it is the amount paid to the...