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  3. 1. calculate the current price of a 3-year semi-an

1. Calculate the current price of a 3-year semi-annual bond with 5% coupon rate and...

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Finance

1. Calculate the current price of a 3-year semi-annual bond with 5% coupon rate and 6% market discount rate. Assume par is $1000. Show work.

2. Calculate the Yield-to-Maturity (YTM) of a 3-year semi-annual bond with 5% coupon rate, which is selling for $951.90 currently? Show work.

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