Question
A $1,000 face value bond currently has a yield to maturity of 5.11 percent. The bond matures in 14 years and pays interest annually. The
A $1,000 face value bond currently has a yield to maturity of 5.11 percent. The bond matures in 14 years and pays interest annually. The coupon rate is 9 percent. What is the current price of this bond?
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Finance For Executives Managing For Value Creation
Authors: Gabriel Hawawini, Claude Viallet
6th Edition
1473749247, 9781473749245
