Homework question help

label Accounting
account_circle Unassigned
schedule 1 Day
account_balance_wallet $5

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

Please let me know if you need any clarification. I'm always happy to answer your questions.
Jul 2nd, 2015

Studypool's Notebank makes it easy to buy and sell old notes, study guides, reviews, etc.
Click to visit
The Notebank
...
Jul 2nd, 2015
...
Jul 2nd, 2015
Oct 19th, 2017
check_circle
Mark as Final Answer
check_circle
Unmark as Final Answer
check_circle
Final Answer

Secure Information

Content will be erased after question is completed.

check_circle
Final Answer