Calculate the value of a fixed rate bond with fifteen years left to maturity, annual coupon payments at a coupon rate of 5.0%, face value of $1,000, and yield-to-maturity of 3.5%.
Calculate the value of a fixed rate bond with fifteen years left to maturity, annual coupon payments at a coupon rate of 5.0%, face value of $1,000, and yield-to-maturity of 3.5%. hint: See solution for similar problem in lecture presentation on Bonds. Should the calculated value be greater than or less than $1,000? Calculate the […]