Question
24.)You paid $10,553 for a 15-year 7 percent coupon bond. If the yield to maturity of the bond is 4.7%, what is the face value
24.)You paid $10,553 for a 15-year 7 percent coupon bond. If the yield to maturity of the bond is 4.7%, what is the face value (in $) of the bond? Round your answer to at least 2 decimal places.(annual payment)
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Empirical Finance
Authors: Sardar M. N. Islam, Sethapong Watanapalachaikul
1st Edition
3790815519, 978-3790815511
