What is the value of a 28-year, 4.3% coupon rate, $1,000 face value bond with annual...

What is the value of a 28-year, 4.3% coupon rate, $1,000 face value bond with annual coupon payments, if similar bonds (same maturity, same risk profile) are trading at a yield to maturity of 7.6%? Round to the nearest cent.

Expert Solution


As nothing was mentioned excel is used. If you need with “financial formula”, let me know, will do that also. Thank you

jeff jeffy answered 15 hours ago

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