Finance Assignment | Top Essay Writing

(Bond Price and Duration) Consider a 6-year 4% coupon bond with a face value of $1,000. Coupons are paid annually. The yield is 3.8%.

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year (t)	cash flow	PV=CF/(1+r)^t	PV*t
1	40	38.54	38.54
2	40	37.12	74.25
3	40	35.77	107.30
4	40	34.46	137.83
5	40	33.20	165.98
6	40	831.48	4,988.85
	Total 1,040	1,010.50	5,512.73