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    Interest payments and price of the bond

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    Face Value of $1000 bond has a coupon rate of 8% with 9 years until maturity and sells at a yield to maturity of 9%. What interest payments do Bondholders receive each year and at what price does the bond sell (assume annual interest payments)?

    If I'm able to calculate the total present value of interest payments how do I get to the amount of interest payment that the bondholders receives each year?

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    https://brainmass.com/business/bond-valuation/interest-payments-and-price-of-the-bond-187163

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    Face Value of $1000 bond has a coupon rate of 8% with 9 years until maturity and sells at a yield to ...

    Solution Summary

    This explains the computation of Interest payments and price of the bond

    $2.19

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