Langford coat issued 14 year bonds a year ago at a coupon rate of 7.9% the bonds make semi annual payments if the yield maturity on these bonds is 6.2% what is the current bond price
Added by Jasmine G.
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9% and the face value of the bond is typically $1,000. Since the payments are semi-annual, the annual coupon payment would be: $1,000 * 7.9% = $79 Therefore, the semi-annual coupon payment would be: $79 / 2 = $39.50 Show more…
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