Question
3. Pespi Co. issued a 15-year semi-annual coupon bond 10 years ago, with a coupon rate of 9%. The current yield to maturity is 8.2%.
3. Pespi Co. issued a 15-year semi-annual coupon bond 10 years ago, with a coupon rate of 9%. The current yield to maturity is 8.2%. What would you expect to pay for this bond?
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Municipal Finances A Handbook For Local Governments
Authors: Catherine D. Farvacque-Vitkovic, Mihaly Kopanyi
1st Edition
082139830X, 978-0821398302
