Question
Find the current price of a semiannual coupon bond with a yield to maturity of 12% if there is 15 years left until the bond
Find the current price of a semiannual coupon bond with a yield to maturity of 12% if there is 15 years left until the bond matures and the coupon rate is 12% per year.
Answer Format: INCLUDE ONLY NUMBERS AND DECIMALS IN YOUR ANSWER. Do not include "$" "," or any other formatting. Carry computation to at least 4 decimals and round your final answer to 2 decimal places. Numerical values: Round to two decimals ######.## Percent values: enter as a percent rounded to 2 decimals for example 0.12345 should be entered as: 12.35% Positive Negative: NPV calculations must be entered as a positive or negative value all other computations must be entered as a positive number
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