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A 10 year $1,000 face value, annual coupon bond sells doe $903.7351 has a 9% yield to maturity. what is th?

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A 10 year $1,000 face value, annual coupon bond sells doe $903.7351 has a 9% yield to maturity. what is th?

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  1. i'm assuming you're asking for the coupon value, which is $140.7.

    this was done using the PV of annuity formula, which was

    $903.7351 = [x/.09 * [1 - ((1/1.09)^10)]] =

    903.7351 = x/.09 *[1-.422]

    using algebra, you get $140.7

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