Question:

A bond with a face value of 1 000 matures in 20 years pays

Last updated: 5/23/2023

A bond with a face value of 1 000 matures in 20 years pays

A bond with a face value of 1 000 matures in 20 years pays interest semi annually and has a yield to maturity of 9 percent What is the current market price of the bond if the coupon rate is 12