A 40-year, semi-annual coupon bond is currently trading at a yield-to-maturity of 3.9% BEY. The coupon rate

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A 40-year, semi-annual coupon bond is currently trading at a yield-to-maturity of 3.9% BEY. The coupon rate is 9% and the bond has a maturity value of $1,000.

Calculate the price of the bond. Round your answer to 2 decimals. You do not have to show the Dollar sign.

Posted Date: Jun 06, 2024 07:11 PM

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A 40-year, semi-annual coupon bond is currently trading at a yield-to-maturity of 3.9% BEY. The coupon rate

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