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a bond will pay a $40 coupon 4 months 10 months, and 16 months from today. In addition, the bond will pay its $1000 par
a bond will pay a $40 coupon 4 months 10 months, and 16 months from today. In addition, the bond will pay its $1000 par value 16 months from today. If the yield to maturity (YTM) of the bond is 8%, what is the price of the bond today ( how much should you have to pay to buy it?) a. $1013.16 b. $1026.49 C. $1,000 D. $1,025.99 E. $1012.91
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