Explore BrainMass

Explore BrainMass

    Valuing a Bond with Semi Annual Interest Payments

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    Valuing Bonds:
    Microhard has issued a bond with the following characteristics:
    Par: $1,000
    Time to maturity: 25 years
    Coupon Rate: 7 percent
    Semi Annual Interest Payments

    Calculate the price of this bond if the YTM is:
    a. 7 percent
    b. 9 percent
    c. 5 percent

    © BrainMass Inc. brainmass.com March 5, 2021, 12:20 am ad1c9bdddf

    Solution Summary

    This solution provides calculations for a question regarding valuing bonds with semi annual interest payments.