J& J just issued a bond with a $1,000 face value and a coupon rate of 7%. If the bond has a life of 30 years, pays annual coupons and the yield to maturity (YTM) is 6.8%, what will be the bond sell for?© BrainMass Inc. brainmass.com June 22, 2018, 10:58 am ad1c9bdddf
Market value of a bond = PV of future payments (coupons and principal)
discounted at ...
The bond price is calculated.