Current Value of a Bond
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What is the current value of a bond with a coupon rate of 5%, 10 years to maturity, $1000 par value and YTM of 6%?
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Solution Summary
This solution computes the current value of a bond that has a coupon rate of 5%.
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What is the current value of a bond with a coupon rate of 5%, 10 years to maturity, $1000 par value and YTM of 6%?
We can assume semi annual payment of coupon as this fact is not mentioned
Most bonds have semi annual coupon/ interest payments
To calculate the price of the bond we need to calculate / read from tables the values ...
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