National Distributors has $1,000 face value bonds outstanding with a market price of $1,013. The bonds pay interest semiannually, mature in 11 years, and have a yield to maturity of 6.87 percent. What is the coupon payment?
BOND PRICING WORKSHEET Determine the value of the bond for the following, use (submit) an excel file with your answers, I should be able to click on the answer and see your formula Indicate if the price is at Par, Premium or Discount 1) A bond matures in 5 years, has an annual coupon payment […]