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What is the price of a 3 0 - year bond that makes semi - annual coupon ( interest ) payments if the annual coupon
What is the price of a year bond that makes semiannual coupon interest payments if the annual coupon rate is and the YTM rd is Assume the face value FV is $
To calculate the semiannual interest payments PMT: take the annual coupon rate and multiply by the face value, then divide by
To calculate the semiannual YTM take the annual number and divide by This is the standard used by the market for bonds making semiannual payments: the YTM is expressed as an APR with semiannual compounding; take that number and divide by to get the semiannual rate.
I got and it is incorrect, trying to figure out where I went wrong
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