Suppose a two-year coupon bond has payments of $40 and a face value of $800. The interest rate is 8%. Compute the presen

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answerhappygod
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Suppose a two-year coupon bond has payments of $40 and a face value of $800. The interest rate is 8%. Compute the presen

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Suppose a two-year coupon bond has payments of $40 and a face value of $800. The interest rate is 8%. Compute the present value of the coupon payments (PCP) and the principal payment of the bond (PBP). What is the price of this bond (P)?
i need a true answer with explain
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