What is the face value and maturity of the bond

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Reference no: EM131050427

Assume that a bond will make payments every six months as shown on the following timeline (using six-month periods):

0 1-$19.87 2-$19.87 ... 29-$19.87 30-$19.87+$1,000

a. What is the maturity of the bond? (in years rounded to nearest integer)

b. What is the coupon rate? (as a percentage rounded to 6 decimals)

c. What is the face value? (rounded to six decimals)

Reference no: EM131050427

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