Mark has a Treasury bond with a par value of $ 30,000 and a coupon rate of

Question:

Mark has a Treasury bond with a of $ 30,000 and a rate of 6%. The bond has 15 years to maturity. Mark needs to sell the bond and new bonds are currently carrying rates of 8%. At what price should Mark sell the bond? 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,...