Find value of bond if it paid interest annually, Finance Basics

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Find value of bond if it paid interest annually

A bond that matures in 14 years has a $1,000.00 par value. The annual coupon rate is 9% and the markets required yield to maturity on a comparable risk bond is 13%.

a) The value of the bond if it paid interest annually would be $______(round to nearest cent)

b) The value of the bond if it paid interest semiannually would be?

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Finance Basics: Find value of bond if it paid interest annually

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Finance Basics: Find value of bond if it paid interest annually

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