Question
What is the value of the bond if interest is paid twice per year? Slides 25-6 will help. Assume: . The bond was issued
What is the value of the bond if interest is paid twice per year? Slides 25-6 will help. Assume: . The bond was issued 30 years ago The bond has 2 years to maturity The yield to maturity is 8% The annual coupon rate is 6% . The par value is $1,000 The bond pays interest twice per year (it is a semiannual pay bond) How to enter answer: Enter answer in two decimal points without commas and don't enter the dollar sign. That is, if the answer is $1,215.87, enter 1215.87.
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Investments An Introduction
Authors: Herbert B Mayo
9th Edition
324561385, 978-0324561388
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