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What is the price of a bond with the following features? 8 years to maturity, face value of $1000, coupon rate of 4% (annual coupons)
What is the price of a bond with the following features? 8 years to maturity, face value of $1000, coupon rate of 4% (annual coupons) and yield to maturity (discount rate) of 5.5%. Enter your answer in terms of dollars and cents, rounded to 2 decimals, and without the dollar sign. That means, for example, that if your answer is $127.5678, you must enter 127.57
Please if you know and make sure it's correct, then do it! otherwise, just ignore it
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