Bond price and bond duration

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Reference no: EM131852439

Bond Price and Bond Duration.

You just purchased a bond with a $1,000 par value and an 11.0% coupon rate that pays interest annually. The bond has two years remaining to maturity and has a 10.0% yield to maturity. Using a financial calculator, determine the price of the bond. Identify/show the key strokes you used to get your answer. Check figure: Price of bond (using HP12C) n=2, i=10, PMT= 110, FV=1000, and PV = -$1,017.36. Note: Your calculator may have different key strokes.

Reference no: EM131852439

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