The price of a $10,000 bond with a 6.1% coupon rate, semiannual coupons, and five years to maturity if it has a yield to maturity of 10% APR is $8,494.26.
N (# of periods) = 10 (5 x 2)
I/Y (Interest per year) = 10%
PMT (Periodic Payment) = $305 ($10,000 x 6.1% 1/2)
FV (Future Value) = $10,000
Results:
PV = $8,494.26
Sum of all periodic payments = $3,050.00
Total Interest = $4,555.74
Thus, the price of a $10,000 bond with a 6.1% coupon rate, semiannual coupons, and five years to maturity if it has a yield to maturity of 10% APR is $8,494.26.
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