Question
In: Finance
(Bonds) What is the price of a bond (to the nearest cent) with 24 years to...
(Bonds) What is the price of a bond (to the nearest cent) with 24 years to maturity, 6.6% coupon rate, semiannual payments, par of $1000, and the yield to maturity of 4.01%?
Solutions
Expert Solution
| Par value | $ 1,000.00 |
| Coupon rate | 6.60% |
| Coupon payment per period | $ 33.00 |
| YTM | 4.01% |
| Years to maturity | 24 |
| Price | $ 1,396.81 |
Excel formulas:
jeff jeffy answered 2 years agoRelated Solutions
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