A publicity trade bond has a par value of $5 million and 10 years to maturity. It is current priced at 102, its YTM is 5.24 % and its coupon is 5.50%. What semi-annual interest payment can bondholders expected to received?
The boding is trading at
? Discount to par
? Premium to par
? Exponential to par
The semi annual interest would be the six monthly interest based on the face value and the coupon interest. The ...
The solution explains how to calculate the amount of semi-annual coupon on the bond.