Calculation of bond price and yield to maturity

Reference no: EM1314594

Calculation of Bond price and yield to maturity

1. An 9% semi-annual coupon bond matures in 14 years. The bond has a face value of $1,000 and a current yield of 7.73%. What are the bond's price and YTM? Round the answers to the nearest hundredth.

a. Price:

b. YTM: ____%

Reference no: EM1314594

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