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1. Consider a semi-annual coupon bond with 4% coupon rate, $1,000 face value and 15 year term. How many coupons will this bond pay? 2.
1. Consider a semi-annual coupon bond with 4% coupon rate, $1,000 face value and 15 year term. How many coupons will this bond pay?
2. Consider a semi-annual coupon bond with 4% coupon rate, $1,000 face value and 15 year term. How much is the last payment at maturity?
3. Consider an annual coupon bond with 4% coupon rate, $1,000 face value and 15 year term. How much is this bond worth if its yield to maturity is 3%? Round to the nearest dollar.
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