A semi-annual coupon bond has a face value of $1,000 and a coupon rate of 5.8%. Time to maturity is 16 years and the cur
Posted: Fri Jul 01, 2022 7:47 am
A semi-annual coupon bond has a face value of $1,000 and acoupon rate of 5.8%. Time to maturity is 16 years and the currentyield to maturity is 8.8%. How much is this bond worth? Round tothe nearest cent