The IM Company issued a bond with a maturity value of $1,000, a coupon rate of 5%
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The IM Company issued a bond with a maturity value of $1,000, a coupon rate of 5% (paid annually), and it reaches maturity in five years.
What is the value of the IM bond today if the yield-to-maturity is 4%?
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Related Book For
Financial Management And Analysis (Frank J. Fabozzi Series)
ISBN: 9780471477617
2nd Edition
Authors: Frank J. Fabozzi, Pamela P. Peterson
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