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An annual coupon bond has a face value of $1,000 and a coupon rate of 6.7%. Time to maturity is 13 years and the current
An annual coupon bond has a face value of $1,000 and a coupon rate of 6.7%. Time to maturity is 13 years and the current yield to maturity is 8.7%. What percentage of this bond's value is due to its face value? Answer in percent, rounded to one decimal place (e.g., 54.67%--> 54.7) Type your numeric answer and submit Hint Find the PV of the face value and divide by the total value of the bond
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