# maths

posted by
**k** on
.

A bond with face value of $500 redeemable at par in 13 years time, is paying interest at j2 = 9.0%. Find the purchase price of the bond to give a yield to maturity of j2 = 8.4%.

posted by
**k** on
.

A bond with face value of $500 redeemable at par in 13 years time, is paying interest at j2 = 9.0%. Find the purchase price of the bond to give a yield to maturity of j2 = 8.4%.