Homework answers / question archive / A bond has a 10 percent coupon rate and a $100 face value

A bond has a 10 percent coupon rate and a $100 face value

Accounting

Share With

A bond has a 10 percent coupon rate and a $100 face value. Interest is paid semi-annually and the bond has 20 years to maturity. If investors require a 12 percent pa yield, what is the bond's value?