Ask Question
14 May, 08:43

A $1,000 face value bond currently has a yield to maturity of 6.03%. The bond matures in thirteen years and pays interest. AB Builders has 15-year bonds outstanding with a face value of $1,000 and a market price of $974. The bonds pay interest annually and have a yield to maturity of 4.03 percent. What is the coupon rate?

+4
Answers (1)
  1. 14 May, 09:01
    0
    N = 15

    FV = 1,000

    PV = 974

    I = 4.03

    Compute PMT

    Put these values in a financial calculator

    PMT = 37.9
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A $1,000 face value bond currently has a yield to maturity of 6.03%. The bond matures in thirteen years and pays interest. AB Builders has ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers