Question
1. A 6% debenture with a current market value of $90 per $100 nominal would have an interest yield of? 2. You are asked the
1. A 6% debenture with a current market value of $90 per $100 nominal would have an interest yield of?
2. You are asked the price of a bond with 8% coupon rate. The bond will repay its face value of $100 at the end of 15 years. other similar bonds have yield to maturity of 12%.
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Financial Accounting and Reporting
Authors: Barry Elliott, Jamie Elliott
14th Edition
978-0273744535, 273744445, 273744534, 978-0273744443
