What price should be paid for a $5000 face value strip bond with 19 5 years remaining to maturity if it is to yield the buyer 6 1 compounded semiannually ...

Price Present value of the 50 ...

What price should be paid for a $5000 face value strip bond with 19.5 years remaining to

Question:

What price should be paid for a $5000 strip bond with 19.5 years remaining to if it is to yield the buyer 6.1% compounded semiannually?
Face Value
Face value is a financial term used to describe the nominal or dollar value of a security, as stated by its issuer. For stocks, the face value is the original cost of the stock, as listed on the certificate. For bonds, it is the amount paid to the... Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...