Hi, can someone help me out on this question. I am kind of new at doing bonds. Thanks :)


A bond with a face value of 1000 bears interest at 10 % payable semi-annually. The bond matures on Aug 1 2009. What is the selling price of the bond on April 18, 2007, to yield 9% compoundd semi-annually??

Hi, can someone help me out on this question. I am kind of new at doing bonds. Thanks :)


A bond with a face value of 1000 bears interest at 10 % payable semi-annually. The bond matures on Aug 1 2009. What is the selling price of the bond on April 18, 2007, to yield 9% compoundd semi-annually???
To help you answer this Qs I need to know when the did you buy the bond or how many years does it take for the bond to mature.