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The $1,000 face value ABC bond has a coupon rate of 6%, with interest paid semi-annually, and matures in 5 years. If the bond is
The $1,000 face value ABC bond has a coupon rate of 6%, with interest paid semi-annually, and matures in 5 years. If the bond is priced to yield 8%, what is the bond's value today? FV = $1,000 CF = $60/2 = $30 N = 5 x 2 = 10 i = 8%/2 = 4%
Please can you show what the inputs are on a financial calculator (I'm using BAII Plus), thank you!
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