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Even though most corporate bonds in the United States make coupon payments semiannually, bonds Issued elsewhere often have an

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Answer #1
2 G H I J
3 Computation of price 5 years Bond
4
5 Annual coupon rate 0.06
6 Face value 1000
7 PMT 60
8 YTM 0.11
9 Year 5
10 Price of Bond $815.21

FORMULA:

2 G H I J
3 Computation of price 5 years Bond
4
5 Annual coupon rate 0.06
6 Face value 1000
7 PMT =J5*J6
8 YTM 0.11
9 Year 5
10 Price of Bond =-PV(J8,J9,J7,J6)
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