What are your known variables

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Reference no: EM131965478

Kate spade issued 12-year bonds one year ago at a coupon rate of 8.6 percent. The bonds make a semiannual payments. If the YTM on these bonds is 6.3 percent. what is the current dollar price assuming a $1,000 par value?

1. What are you solving for?

2. What are your known variables? ( Be sure to consider whether these variables should be stated as annual values or whether they should be adustd)

3. What methodology are you using to solve (Excel, Caculator or Formula)? Identify the formula and show relevant work to reach your solution.

Reference no: EM131965478

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