question archive The current market yield on all securities is 7% p
The current market yield on all securities is 7% p
Subject:FinancePrice: Bought3
The current market yield on all securities is 7% p.a. An 8-year government bond with a face value of $100,000 pays a coupon rate of 6% p.a. payable semi-annually. Assume the market yield compounds semi-annually. Calculate the price of the bond (round your answer to two decimal places).
