Question
3-Leaf Company is about to issue a bond with semiannual payments, an annual coupon rate 8% and par value of $ 10,000 . The yield
3-Leaf Company is about to issue a bond with semiannual payments, an annual coupon rate 8% and par value of $10,000. The yield to maturity
for this bond is 6%.
a. What is the price of the bond if it matures in 30 years?
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Financial Management Core Concepts
Authors: Raymond M Brooks
2nd edition
132671034, 978-0132671033
