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Even though most corporate bonds in Canada and the United States make coupon payments semiannually, bonds issued elsewhere of

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Please find the below formula and image for the solution of the current price -

The answer varies a little from yours, it might be due to calculation but the sated method is correct.

T Mapproximate C +(FP - MP)/n (FP + MP)/2 - Yield to Maturity coupon payment or annual fixed interest - face value of the bonsolution- Чтм = c+ ГР Tip where, yTm = Yield to 7,85%. maturity = c = Coupon to &rg xlo00 the payment - - Face value = $ 1000

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