you want to buy a corporate bond that has a face value of 1000 for that pays coupon of 0.05 paid quarterly . At that time, the bond had a YTM of 0.06 and 14 years left to maturity. what is the price of the bond?

you want to buy a corporate bond that has a face value of 1000 for that pays coupon of 0.05 paid quarterly . At that time, the bond had a YTM of 0.06 and 14 years left to maturity. what is the price of the bond?

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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you want to buy a corporate bond that has a face value of 1000 for that pays coupon of 0.05 paid
quarterly . At that time, the bond had a YTM of 0.06 and 14 years left to maturity.
what is the price of the bond?

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