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Assume a par value of $1,000. Caspian Sea plans to issue a 21.00 year, semi-annual pay...

Assume a par value of $1,000. Caspian Sea plans to issue a 21.00 year, semi-annual pay bond that has a coupon rate of 4.00%. If the yield to maturity for the bond is 4.0%, what will the price of the bond be?

Answer format: Currency: Round to: 2 decimal places.

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Answer #1

If coupon rate is same as YTM, the price of the bond = par value = 1000

no calculations required but still i am attaching the answer for the same with BA II PLUS calculator. Thumbs up please. Thank you

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