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IBM's bonds have 9 years and 9 months remaining to maturity. Interest is paid semi-annually, with the first coupon payment due 3 months from today.
IBM's bonds have 9 years and 9 months remaining to maturity. Interest is paid semi-annually, with the first coupon payment due 3 months from today. The bonds have a $1000 par value, coupon interest rate of 8% and a yield to maturity of 9%. Find the price of the bond today. In addition, list the flat price and accrued interest.
** Using N, PMT, I%, PV, FV calculator with (please list which amount goes to which letter), and accrued interest formula**
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