Question
A 10 year bond was issued three years ago. It has a Face Value of $1000 and makes coupon payments every six months. If the
A 10 year bond was issued three years ago. It has a Face Value of $1000 and makes coupon payments every six months. If the current yield to maturity is 4.6% pa compounding semi-annually, will this bond sell at a premium, discount or at par today?
| a. | par | |
| b. | premium | |
| c. | discount | |
| d. | not enough information provided to determine |
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
13th edition
132743469, 978-0132743464
