# Finance

posted by
**Kim**
.

A company issues a 6-year bond with a face value of 5,000 and semi-annual coupons payments of $275. If the yield rate is 7%, find the price of the bond.

posted by
**Kim**
.

A company issues a 6-year bond with a face value of 5,000 and semi-annual coupons payments of $275. If the yield rate is 7%, find the price of the bond.