Question
1. How much is the coupon payment on a $1,000 face value bond with a coupon payment of 10% and semi-annual coupons? 2. A $1,000
1. How much is the coupon payment on a $1,000 face value bond with a coupon payment of 10% and semi-annual coupons?
2. A $1,000 face value bond pays a $25 annual coupon. The yield to maturity on this bond is 2.5%. Is this bond trading at a discount, premium, or par? Why?
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Foundations In Personal Finance
Authors: Dave Ramsey
1st Edition
0981683967, 978-0981683966
