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You own a bond with a 8% coupon rate and $1,000 par value. Assume payments are made semi-annually and the bond matures in 20 years. The annual market interest rate is 9% percent. Calculate the value of
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You own a bond with a 8% coupon rate and $1,000 par value. Assume payments are made semi-annually and the bond matures in 20 years. The annual market interest rate is 9% percent. Calculate the value of the bond.

User Adam Eisfeld
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1 Answer

1 vote

Answer:

the answer is 23.765%

Step-by-step explanation:

User Pedroteixeira
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