Company Waterloo is a manufacturer of flushing toilets that sell predominantly in Japan. The company issues a
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Company Waterloo is a manufacturer of flushing toilets that sell predominantly in Japan. The company issues a 5-year bond with 5%
coupon rate and £1,000 face value. The bond currently has a yield to maturity of 8.56%. Calculate the value of the bond. (Assume annual interest payments and that a coupon payment has recently been made.)
a. £860
b. £923
c. £1,005.4
d. £1,006
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Related Book For
Stock Markets And Corporate Finance A Primer
ISBN: 9781800611474,9781800611498
1st Edition
Authors: Michael Dempsey
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