How to determine what is the price of the bonds

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Question 1: A company issues bonds that have a 10% coupon rate, payable semiannually. The bonds mature in 8 years, have a face value of $1,000 and a yield to maturity of 8.5%. What is the price of the bonds?

Years to maturity = 8

Periods per year = 2

Periods to maturity = 16

Coupon rate = 10%

Par Value = $1,000

Periodic payment = $50

Reference no: EM132565824

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