Question
3) Assume that a company issued a semi-annual bond with $1,000 face value, 10% coupon rate and 15 years maturity. If the bond is sold
3) Assume that a company issued a semi-annual bond with $1,000 face value, 10% coupon rate and 15 years maturity. If the bond is sold in the 10th year, how much the bond will be selling if the yield to maturity (YTM) is 10%?
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Public Finance And Public Policy
Authors: Arye L. Hillman
2nd Edition
0521738059, 978-0521738057
