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A $1,000 face value bond currently has a yield to maturity of 6.03% . The bond matures in thirteen years and pays interest. AB Builders has 15-year bonds outstanding with a face value of $1,000 and a market price of $974. The bonds pay interest annually and have a yield to maturity of 4.03 percent. What is the coupon rate?

Respuesta :

Answer:

N= 15

FV= 1,000

PV= 974

I= 4.03

Compute PMT

Put these values in a financial calculator

PMT = 37.9

Explanation:

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