Calculate the price of a newly issued **ten** year bond with a face value of $**100**, a yield of **8**% pa and a fixed coupon rate of **6**% pa, paid **annually**. So there's only one coupon per year, paid in arrears every year.

Scores | |

keithphw | $6,001.61 |

cuiting1 | $2,014.70 |

Jade | $1,805.80 |

Yuan | $1,726.43 |

Emma Lu | $1,683.33 |

Visitor | $1,663.33 |

zy | $1,649.70 |

Visitor | $1,635.80 |

Zin | $1,629.43 |

Carolll | $1,612.43 |

Visitor | $1,508.61 |

Tram Phan | $1,503.33 |

cuiting | $1,465.80 |

Visitor | $1,443.33 |

Visitor | $1,428.33 |

Visitor | $1,338.35 |

Visitor | $1,323.33 |

Visitor | $1,283.33 |

Visitor | $1,251.28 |

Tijo | $1,089.43 |

**ten** year bond with a face value of $**100**, a yield of **8**% pa and a fixed coupon rate of **6**% pa, paid **annually**. So there's only one coupon per year, paid in arrears every year.

Copyright © 2014 Keith Woodward