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Find the present value of a 3-year bond that pays an annual coupon, has a coupon rate of 6 percent, a yield to maturity of
Find the present value of a 3-year bond that pays an annual coupon, has a coupon rate of 6 percent, a yield to maturity of 5 percent, a par value of 1,000 when the yield to maturity is 5 percent.
A) 1,099.96
B) 1,018.81
C) 1,027.23
D) none of the options
what formula should i use ? And i got Fv=1000, n=3 C=30 from5*6i=0.05
thank you for your help!
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