Nungesser Corporation has issued bonds that have a 9% coupon rate, payable semiannually. The bonds mature in 8 years, have a face value of $1,000 and a yield to maturity of 8.5%. What is the price of the bonds?© BrainMass Inc. brainmass.com June 3, 2020, 9:39 pm ad1c9bdddf
The current market price is the present value of interest and principal discounted at YTM.
Since it is a semi ...
This solution explains how to calculate the price of a bond using simple calculation and a brief response.