Get detailed and accurate answers to your questions on IDNLearn.com. Our platform provides accurate, detailed responses to help you navigate any topic with ease.

A bond has a face value of $3,996. The bond pays a semi-annual coupon of 9.08%. The bond matures in 22 years. The expected yield to maturity is 4.29%. What would be the price of the bond today? Enter the answer rounded to two decimals (i.e., the nearest cent) and as a POSITIVE number.

Sagot :

We appreciate your participation in this forum. Keep exploring, asking questions, and sharing your insights with the community. Together, we can find the best solutions. Thank you for visiting IDNLearn.com. We’re here to provide dependable answers, so visit us again soon.