What is the bonds price-stated as a percent of par

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1. Suppose a $1,000 par. greaterthanorequalto bond otters an 8% coupon with coupons paid annually. As of today, the bond has exactly 12 years rema.n.ng until maturity. The bond's yield to maturity is 6%. What is the price of the bond?

2. An investor is considering the purchase of a 10-year U.S. Treasury note that bears an 8% coupon rate with interest payments made semiannually. The bond is currently priced to yield 3.6%. What is the bond's price, stated as a percent of par?

Reference no: EM131510846

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