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Bond A pays annual coupons, pays its next coupon in 1 year, matures in 10 years, and has a face value of 1,000 dollars. Bond B pays semi-annual coupons, pays its next coupon in 6 months, matures in 13 years, and has a face value of 1,000 dollars. The two bonds have the same yield-to-maturity. Bond A has a coupon rate of 7.12 percent and is priced at 1,034.28 dollars. Bond B has a coupon rate of 6.4 percent. What is the price of bond B?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92701606

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