Finance
posted by hmb .
I am having a hard time figuring out the equation that I should be using to determine the value of a $1000 denomination for a Bond with a 7% coupon rate maturing in 20 years with a required interest rate of 8%. Is there maybe any online calculators that can help?

Here is an equation. There may be a calculator available but I didn't see it.
http://en.wikipedia.org/wiki/Bond_valuation 
Here is a calculator. I don't know if this is exactly what you want or not. Let me know. http://www.calcxml.com/do/inv03

You want a yield to maturity of 8%, presumably because that is the current market rate for that type of bond and maturity, so that is what is "required".
Using (Broken Link Removed) and a trial and error method, I compute that a current bond price of $902 will yield 8% to maturity.
Bonds typically pay interest semiannually. 
Thank you both very much! This should help me!
Respond to this Question
Similar Questions

Finance
The Carter Company's bond mature in 10 years have a par value of 1,000 and an annual coupon payment of $80. The market interest rate for the bond is 9%. What is the price of these bonds The coupon rate on the bond, (interest/principal … 
Finance (Coupon Bonds)
I am having a hard time starting on how to calculate this please. You purchased a $1,000 five percent coupon bond that matures in 10 years. How much would your bond be worth if interest rates fall to 4% the day after you purchase the … 
Finance
A threeyear bond has 8.0% coupon rate and face value of $1000. If the yield to maturity on the bond is 10%, calculate the price of the bond assuming that the bond makes semiannual coupon interest payments. 
Finance
A threeyear bond has 8.0% coupon rate and face value of $1000. If the yield to maturity on the bond is 10%, calculate the price of the bond assuming that the bond makes semiannual coupon interest payments. 
Finance
Bond value and timeConstant required returns Pecos Manufacturing has just issued a 15year, 12% coupon interest rate, $1,000par bond that pays interest annually. The required return is currently 14%, and the company is certain it … 
Finance 370
A bond that has a $1000 par value (face value) and a contract or coupon interest rate of 11.5. The bonds have a current value of $1120 and will mature in ten years. The firm's marginal tax rate is 34%. Using the time value of money, … 
Finance
The Garcia company's bond have a face value of 1000, will mature in 10 years and carry a coupon rate of 16 percent. Assume interest payments are made semi annually. Determine the present value of the bonds cash flow if the required … 
Finance
The Garcia company's bond have a face value of 1000, will mature in 10 years and carry a coupon rate of 16 percent. Assume interest payments are made semi annually. Determine the present value of the bonds cash flow if the required … 
finance
(Bond valuation) Eagle Ventures has a bond issue outstanding with an annual coupon rate of 7 percent and 4 years remaining until maturity. The par value of the bond is $1,000. (a) Determine the current value of the bond if present … 
finance
Usha Manufacturing Co. has a bond of $1000 par value outstanding. It pays interest annually and carries an annual coupon rate of 8%. Bonds are issued 2 years ago & due in 10 years. If the market rate of return on bonds is 7%. Required: …