A 7 percent, $1,000 bond matures in 8 years, pays interest semi-annually, and has a yield-to-maturity of 6.62 percent. What is the current market price?
A 7 percent, $1,000 bond matures in 8 years, pays interest semi-annually, and has a yield-to-maturity of 6.62 percent. What is the current market price?
Also 6 other related bond / financial equations.