What was dollar price of the bond

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Reference no: EM13260735

Assume that Phuket Beach Hotel's $1,000-par-value bond had a 5.700% coupon,matured on May 15, 2017, had a current price quote of 97.708, and had a yield to maturity (YTM) of 6.034%. Giving this information, answer the following questions:

a. What was dollar price of the bond?

b. Is the bond selling, a part, at a discount or at a premium? Why?

 

Reference no: EM13260735

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