What is the current market value of Tracer's bond?

Business & Finance
Tutor: None Selected Time limit: 1 Day

Tracer Manufacturers issued a 10-year bond six years ago.  The bond's maturity value is $1000, and its coupon interest rate is 6 percent.  Interest is paid semiannually.  The bond matures in four years.  If investors require a return equal to 5 percent to invest in similar bonds, what is the current market value of Tracer's Bond? 

Apr 2nd, 2015

Bond price Calculator
Redemption value(This is the value at which you will sell the bond at maturity) $1,000
Buying date 2-Apr-15
N (years to maturity) 4
Maturity date 2-Apr-19
Coupon rate 6%
Yield to Maturity of similar bond 5%
Compounding frequency(per year) 2
Price today $831.50
For such questions i have a bond price calculator uploaded in my account.Download it and Use it for such questions as many times as you wish. The answer is 100% accurate and 

Apr 2nd, 2015

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Apr 2nd, 2015
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Apr 2nd, 2015
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