Question
A $1,000 face value bond has a 7% annual coupon rate and 14 years to maturity. If the yield to maturity is 6%, what is
A $1,000 face value bond has a 7% annual coupon rate and 14 years to maturity. If the yield to maturity is 6%, what is the price of the bond? Enter your answer as a number rounded to 2 decimal places. (An answer of $100.125 would be entered as 100.13)
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The Handbook Of Fixed Income Securities
Authors: Frank Fabozzi, Steven Mann
8th Edition
0071768467, 978-0071768467
