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Consider a zero-coupon bond with $100 face value and 8 years to maturity. If the YTM is 12%, this bond will trade at a price
- "Consider a zero-coupon bond with $100 face value and 8 years to maturity. If the YTM is 12%, this bond will trade at a price of ________
- "What is the coupon rate of a 5-year, $1000 bond with coupons paid semiannually and a price of $790, if it has a yield to maturity of 12%?
- "A Company has a bond outstanding with a face value of $1000 that reaches maturity in 4 years. The bond certificate indicates that the stated coupon rate for this bond is 2.9% and that the coupon payments are to be made semiannually. Assuming the appropriate YTM on the bond is 6%, then the price that this bond trades for will be closest to ________.
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