The bonds of ABC Corp. have an 11% annual coupon rate. Interest is paid semi-annually. The bonds have a par value of $100,000 and will mature 15 years from now. If the (annual) required rate of return is 9%, what is the price of ABC's bonds? [Hint: you need to convert your coupon rate, your number of periods, n, and your req. rate of ret. to a semi-annual basis.]
What is the formula for coupon rate and bonds on financial calculator?