A quarterly coupon bond has a face value of $1,000 and a coupon rate of 6.6%. Time to maturity is 7 years and the curren
Posted: Fri Jul 01, 2022 7:47 am
A quarterly coupon bond has a face value of $1,000 and a couponrate of 6.6%. Time to maturity is 7 years and the current yield tomaturity is 5.3%. How much is this bond worth? Round to the nearestcent.