ABC Compnay offers a 7% coupon bond with semiannual payments and a Yield to maturity of 7.73%. The Bonds mature in 9 years. What is the market price of a $1000 face value bond
please provide with formula or equation
thks
How to calculate the market price of $1000 face value bond
2008-04-09 1:00 am
回答 (1)
2008-04-09 6:28 pm
✔ 最佳答案
Since it is bond with semiannual payments, hence, the number of discounting period is 2*9=18 and semiannaul coupon is 1,000*7%/2=$35. The market price = 35/(1+7.73%/2) + 35/(1+7.73%/2)^2 + 35/(1+7.73%/2)^3 + ..... + 35/(1+7.73%/2)^17 + 1,035/(1+ 7.73%/2)^18.
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