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Homework answers / question archive / A $4000 bond is redeemable at 103 on November 10, 2025
A $4000 bond is redeemable at 103 on November 10, 2025. It pays semi-annual coupons at j2=5% . Determine the price of the bond on May 10, 2010, to yield j2=4%.
The answers to the given question are provided in the order below
=PV(4%/2,2*15.5,-5%*4000/2,-103%*4000)
=4523.70
