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Calculate the yield(to maturity) of a bond with a par value of $1,000 to be paid in 3 years, a coupon rate of 1.05% paid
Calculate the yield(to maturity) of a bond with a par value of $1,000 to be paid in 3 years, a coupon rate of 1.05% paid annually, and a price $990.
I need to find the price and annual coupon payment.
I have the given information...
The annual coupon is .0105, the par value is 1000, and the number of years is 3.
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