How to Calculate the Price of a Bond (No Financial Calculator Needed!)

I show you the steps to easily calculate the price or value of a bond. No Financial Calculator needed. This is a bond that has coupons and the Yield to Maturity or Market Rate does not match the Coupon Rate.

Summary:
!. How to calculate the Coupon Payment;
2. How to calculate the Present Value of the stream of Coupon Payments;
3. How to calculate the Present Value of the Face Value or Par Value of the Bond; and
4. Put it all together to get the total Price of the Bond.

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