Please use Excel and show a cash flow time line to solve the following:
I'm purchasing a 10-year bond with a $1,000 face value that pays interest of $60 semiannually. The yield to maturity is 10 percent with semiannual compounding. What price should I pay for the bond?© BrainMass Inc. brainmass.com June 3, 2020, 9:06 pm ad1c9bdddf
This solution finds the price one should pay for a bond with semiannual compounding.