What was the price of these bonds when they were issued

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Reference no: EM13847921

One year (2014) Alpha issued 10 year bond at par value. The coupon rate of these bonds is 7% and pay interest semi-annually. Today (2015) the interest rate on these bonds has decreased to 6.2% (the bonds currently have a YTM of 6.2%). 1. What was the price of these bonds when they were issued (2014)? 2. What is the price of these bonds if they were sold today?(2015)?

Reference no: EM13847921

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