Homework question help

Accounting
Tutor: None Selected Time limit: 1 Day

Consider a 6 year corporate bond. The bond has a face value of $1,000 and has an annual coupon rate of 6.8%. The yield to maturity of the bond is 8.2%. What is the fair price of the bond today?

Jul 2nd, 2015

Thank you for the opportunity to help you with your question!

FV = 1,000 

N = 6

PV = ? 

Pv of bond= $935.67

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Jul 2nd, 2015

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