What is the price of a bond if the par value is $1000, coupon rate is 5% (paid semi- annually), has 20 years to maturity
Posted: Wed Jul 06, 2022 6:28 pm
What is the price of a bond if the par value is $1000, coupon rate is 5% (paid semi- annually), has 20 years to maturity and the market rate is 8%? $1,063.21 $703.11 O $813.11 $683.11 $923.11