Question
What is the market value of a bond that matures in twenty years, has a 10% coupon rate,$1,000 face value, and a yield to maturity
What is the market value of a bond that matures in twenty years, has a 10% coupon rate,$1,000 face value, and a yield to maturity of 8%. The coupons are semiannual.
A.$1,196
B.$635
C.$830
D.$1,198
I'm getting $1,238.29, not sure what I'm doing wrong. Could someone please help?
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Liars Poker Rising Through The Wreckage On Wall Street
Authors: Michael Lewis
1st Edition
0393246108,0393247147
