Cant seem to figure this out, thank you! A $2,900 face value corporate bond with a...

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Cant seem to figure this out, thank you!
A $2,900 face value corporate bond with a 6.8 percent coupon (paid semiannually) has 12 years left to maturity. It has had a

A $2,900 face value corporate bond with a 6.8 percent coupon (paid semiannually) has 12 years left to maturity. It has had a

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Answer 1

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Face ualue $2900 Coupon Fate 6.8Memiannually ime 12 yars YTM 73 New puiceof bond k 8.8 12x2 2900x 68 xLX -I+0.04 Iooo 0.044 - the coupon has been paid semi annually, so the discount rate as well as coupon rate will be divided by 2 and number of years would be doubled.

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