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You find a bond with 21 years to maturity that has a semiannual coupon rate of 4.1 percent, a yield to maturity of 3.9 percent,
You find a bond with 21 years to maturity that has a semiannual coupon rate of 4.1 percent, a yield to maturity of 3.9 percent, and a par value of $5,000. What is the dollar price of the bond? Suppose that the price of the bonds fell $5 from yesterday's price. Did interest rates move up or down on this day? Par value (% of par) Coupon rate Yield to maturity Settlement date Maturity date Coupons per year Par value (5) 100 4.10% 3.90% 1/1/20 1/1/41 2 5,000 $
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