SOLUTION: BOND VALUATION Nungesser Corporation’s outstanding bonds have a $1,000 par value, a 9% semiannual coupon, 8 years to maturity, and an 8 5% YTM. What is the bond’s price?
(9% / 2
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Question 995117: BOND VALUATION Nungesser Corporation’s outstanding bonds have a $1,000 par value, a 9% semiannual coupon, 8 years to maturity, and an 8 5% YTM. What is the bond’s price?
(9% / 2) 4.5%
(8.5% /2) 4.25%
4.5 + 4.25 = 8.75%
875/1000 = $87.50
Answer by solver91311(24713) (Show Source): You can put this solution on YOUR website!
Finance and accounting problem. Not appropriate for this website.
John
My calculator said it, I believe it, that settles it
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