Doge bond has a 20% coupon paid semiannually, has a $1,000 f…
Doge bond has a 20% coupon paid semiannually, has a $1,000 face value, has 12 years to maturity and has a 5% yield to maturity. What is the price of Doge Bond? Write down the formula with appropriate numbers inserted to solve the problem along with the correct answer.