Suppose a bond promises to pay interest of 25 every six


Suppose a bond promises to pay interest of $25 every six months and repay principal of $1,000 at maturity in 30 years. If the market interest rate is 7%, calculate the bond price.

Solution Preview :

Prepared by a verified Expert
Business Management: Suppose a bond promises to pay interest of 25 every six
Reference No:- TGS01594334

Now Priced at $10 (50% Discount)

Recommended (92%)

Rated (4.4/5)