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Oil Well Supply offers a 8% coupon bond with semiannual payments and a yield to maturity of 8.73%. The bond mature in 9 years. What
Oil Well Supply offers a 8% coupon bond with semiannual payments and a yield to maturity of 8.73%. The bond mature in 9 years. What is the market price per bond if the face value is $1,000?
I want to make sure that i am doing this correctly. I got $955.13, is this correct? If not can you give me a step by step process on how to find the answer?
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