Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. a bond has 15 years left to maturity and a coupon

A bond has 15 years left to maturity and a coupon rate of 4.1 percent....

60.1K

Verified Solution

Question

Finance

A bond has 15 years left to maturity and a coupon rate of 4.1 percent. The bond has semiannual coupon payments and a $1 ,000 face value. The annual yield to maturity is 4 percent. How much is the present value of the bond? Round your answer to two decimal places. Enter your answer as a positive number.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Advance Math
1.2K views

In the world of professional sports (football, baseball, basketball), teams which have an operating profit often...

Biology
1.2K views

What are two reasons why the discovery of the Australopithecus sediba species is important to our...

Mechanical Engineering
1.2K views

7.21 The Weather Channel reports that it is a hot, muggy day with an air temperature...

Basic Math
1.2K views

is the first response to give whensomeone is hurt, or an accident occurs.A. First aidB....

Basic Math
1.2K views

Find the area of the sector of a circle with radius 6 meters formed by...

Algebra
1.2K views

The scatter plot shows an ice cream shop s total profits per day relative to...

Accounting
1.2K views

During 2022, Witt Processing Corporation places $210,000 of Section 179 property in service for use...

Accounting
1.2K views

which of the following tasks does not pertain to job-costing

Finance
1.2K views

Her income tax on this bonus is $. (Round to the nearest dollar.) if the...

Finance
1.2K views

This morning you purchased a stock that just paid an annual dividend of $1.80 per...

Finance
1.2K views

Which of the following statements is correct? The present value of an annuity due is...

Finance
1.2K views

6. Constant-growth rates One of the most important components of stock valuation is a firms...