FINANCE- Consider a bond that has a coupon rate of 6% per year , with coupons being paid s
Consider a bond that has acoupon rate of 6% per year, with coupons being paid semi-annually.The face value is $1,000, and the bond will mature15years from now.What is thecurrentpriceof the bond if the yield to maturity is5% peryear compounded semi-annually?Showyourcalculation.