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QUESTION
Roadside markets has a 6.75% coupon bond outstanding that matures in 10.5 years. The bond pays interest semiannually.
Roadside markets has a 6.75% coupon bond outstanding that matures in 10.5 years. The bond pays interest semiannually. What is the market price per bond if the face value is $1000 and the yield to maturity is 7.2%
Coupon per periodNumber of periodsFace ValueYield to MaturityPrice 33.752110007.20%?? Price 967.24 ( Using a financial Calculator) 3.375