What is the current price of a $1,000 par value bond maturing in 12 years with a coupon rate of 14 percent, paid semiannually, that has a YTM of 13 percent $604 $1,090 $1, 060 $1,073 ...

c 1060 as shown below Statement showing calculation of Share price Plan A Particulars Time PVF7 Amou ...

What is the current price of a $1,000 par value bond maturing in 12 years with a

Question:

What is the current price of a $1,000 bond maturing in 12 years with a rate of 14 percent, paid semiannually, that has a YTM of 13 percent?
$604
$1,090
$1,
060
$1,073
Coupon
A coupon or coupon payment is the annual interest rate paid on a bond, expressed as a percentage of the face value and paid from issue date until maturity. Coupons are usually referred to in terms of the coupon rate (the sum of coupons paid in a... Par Value
Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...