A Marriott Hotel bond has a par value of $1,000, and has a coupon rate of 5.27%.
Fantastic news! We've Found the answer you've been seeking!
Question:
A Marriott Hotel bond has a par value of $1,000, and has a coupon rate of 5.27%. The coupon in paid annually. The required rate of return for the investor is 7.5%. The bond will mature in 12 years, and the investor is planning to keep this bond until maturity. Based on this information, what is the present value of this bond ?
Related Book For
Corporate Finance Core Principles And Applications
ISBN: 9781260571127
6th Edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan
Posted Date: