annuity factor(4%,5)
pv factor (4%,5)
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Consider a bond with a par value of 1,000 paying a coupon rate of 8% per year semiannually when the market interest rate is only 2% per half year. The bond has 4 years until maturity.
Find the bond's price today and six months from now after the next coupon is paid.
pv factor (4%,5)
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Consider a bond with a par value of 1,000 paying a coupon rate of 8% per year semiannually when the market interest rate is only 2% per half year. The bond has 4 years until maturity.
Find the bond's price today and six months from now after the next coupon is paid.