Question
1.A bond currently trades at $1,045.00 and has a face value of $1,000. If the annual yield is 6% and the bond has 19 years
1.A bond currently trades at $1,045.00 and has a face value of $1,000. If the annual yield is 6% and the bond has 19 years to maturity, what is its coupon rate?
2. A bond maturing in 7 years at a par value of $1,000 has a coupon rate of 6% and current yield of 7%. What is the price of the bond?
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Rich Dads Increase Your Financial IQ Get Smarter With Your Money
Authors: Robert T. Kiyosaki
1st Edition
1612680658, 978-1612680651
