[All Steps] Assume a bond has the following characteristics Bond Yield Example Data Face Value $ 1,000 Annual Coupon Rate 8.00% Years to Maturity 10.0 Years
Question: Assume a bond has the following characteristics
| Bond Yield Example Data | |
| Face Value | $ 1,000 |
| Annual Coupon Rate | 8.00% |
| Years to Maturity | 10.0 |
| Years to Call | 5.0 |
| Call Premium % | 5.00% |
| Payment Frequency | 2 |
Find the value of the bond.
Price: $2.99
Solution: The downloadable solution consists of 3 pages
Deliverable: Word Document 