Business, 27.11.2019 20:31, luljrjr4130

Abc corp.’s outstanding bonds have a $1,000 par value and they mature in 5 years. their yield-to-maturity is 9% based on semi-annual compounding, and the current market price is $853.61. what is the bond’s annual payment?
hint: first find out the half year payment, then convert to one year payment.
a. $26.50
b. $53.00
c. 25.36
d. $50.27

Answers: 2

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Abc corp.’s outstanding bonds have a $1,000 par value and they mature in 5 years. their yield-to-mat...