Question
A $1,000 face value bond currently has a yield to maturity of 6.37 percent. The bond matures in 6 years and pays interest annually. The
A $1,000 face value bond currently has a yield to maturity of 6.37 percent. The bond matures in 6 years and pays interest annually. The coupon rate is 9 percent. What is the current price of this bond?
Please put exact answer.
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Corporate Treasury And Cash Management
Authors: Robert Cooper
1st Edition
1349512699, 9781349512690
