Obligation INC has recently issued bonds with a par value of $10,000 (ten thousand dollars). The coupon rate is equal to

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answerhappygod
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Obligation INC has recently issued bonds with a par value of $10,000 (ten thousand dollars). The coupon rate is equal to

Post by answerhappygod »

Obligation INC has recently issued bonds with a par value of
$10,000 (ten thousand dollars). The coupon rate is equal to 8% and
the yield to maturity is equal to 9.4%. Bonds will mature in two
years. Interest is paid semi-annually.

Calculate the value of the bond today.
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