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par value is $1000 please explain how to do on financial calculator Consider the same bond from question 1. The yield to maturity on this

par value is $1000 please explain how to do on financial calculator

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Consider the same bond from question 1. The yield to maturity on this bond today is 5%, compounded semiannually (5/2% semiannually). What is the price of the bond today (after the payment of the coupon in year 2)? Remember that the bond was issued two years ago and had a 10-year maturity at that time and it had a 6% coupon rate (3% semiannually)

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