Finance Junkie
Posts: 205
Joined: Mon Feb 04, 2013 3:35 pm


Postby » Wed Oct 09, 2013 10:55 am

Marks: 1
Consider a $1,000 par value bond with a 7% annual coupon. The bond pays interest annually. There are 2 years remaining until maturity. What is the current price of the bond?.
Choose one answer.
Choose one answer.
a. $1000 Incorrect
b. $947.93 Correct
c. $1040 Incorrect
d. $974.93 Incorrect
The correct answer is $947.93
Using the Texas Instrument we can find the value
FV=$1000, N=2, PMT=70, I/Y= 10%, CPT PV

In the question the Yield is not given.. How to find yield

Finance Junkie
Posts: 258
Joined: Thu Sep 20, 2012 3:42 pm


Postby pradeeppdy » Thu Oct 10, 2013 8:53 am

Here again the question is incomplete again. 10% should be given to answer this question.

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