Question
I have the below information Coupon interest rate 6% Par value $1,000 Semiannual interest payment $30 Number of years to maturity 15 Number of periods
I have the below information
Coupon interest rate 6%
Par value $1,000
Semiannual interest payment $30
Number of years to maturity 15
Number of periods to maturity 30
Yield to maturity 5.70%
What is the current bond price?
Additionally I have the below
Coupon interest rate 6%
Par value $1,000
Semiannual interest payment $30
Number of years to maturity 15
Number of periods to maturity 30
Yield to maturity 1.70%
What is the current bond price?
I have tried the Excel Formula for Present Value but it is not working out with what it should be.
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A First Course in Quantitative Finance
Authors: Thomas Mazzoni
1st edition
9781108411431, 978-1108419574
