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Firm XYZ has a bond with a coupon rate of 9 . 6 8 % ( paid semi - annually ) , face value of

Firm XYZ has a bond with a coupon rate of

9.68 % (

paid semi

-

annually

),

face value of $

1000,

and

13

years to maturity. Bond dealers tell you that the yield

-

-

maturity on this bond is

6.96 % .

What should be the bond\'s price?

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The price of the bond should be around 204955 This is because the bonds price is the present value o... blur-text-image

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