A $1,000 face value bond is currently quoted at 100.8. the bond pays semiannual payments of $22.50 each and matures in six years
. what is the coupon rate?
1 answer:
We are given with
F = 1000
b = 22.50
P = 100.8
We use the formula to get the coupon rate
b = Fib
Substituting the given values
22.50 = 1000 ib
ib = 0.0255 or 2.25%
The coupon rate is 2.25%
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Answer:
$149.09
Step-by-step explanation:
56.75-14.10=42.65
42.65+41.50=84.15
84.15-11.03=73.12
73.12-7.25=65.87
65.87+83.22=149.09
The answer is 5/2
good luck
