Suppose that a bond has a face value of $1,000, a coupon rate of 4 and a maturity of four years The bond makes annual coupon payments If the yield to maturity (nominal rate ) is 5 , the bond's price is

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Suppose that a bond has a face value of $1,000, a coupon rate of 4% and a maturity of four years. The bond makes annual

Suppose that a bond has a face value of $1,000, a coupon rate of 4% and a maturity of four years. The bond makes annual coupon payments. If the yield to maturity (nominal rate ) is 5%, the bond's price is

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