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Finance question. Finding maturity of bond, coupon rate, and face value, business and finance homework help
Answer the following questions:
Assume that a bond will make payments every 6 months as shown on the following timeline:
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0 |
1 |
2 |
3 |
4 |
19 |
20 |
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| Cash Flow | $20.00 | $20.00 | $20.00 | $1,020.00 | ||||||||||
a. what is the maturity of the bond (in years)? ____
b. what is the coupon rate (in percent)? ____%
c. What is the face value? $____
Please see attachment for better view of the question (actual graph)
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