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AysviL [449]
3 years ago
10

Calculate the annual coupon payment if the semi-annual coupon paying bond price is $920, the yield for the bond is 6%, the bond'

s face value is $1,000 and matures in 9 years.
Business
1 answer:
Greeley [361]3 years ago
3 0
FV: 1000
PV: -920
I/Y: 6/2= 3
N: 9(2)= 18
CPT PMT: 24.1833

this payment is for semi annually, the question asks for annual so:
24.1833(2)= 48.37
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