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A $1,000 par bond with a 12.25% coupon has 10 years to maturity. If the yield to maturity is 12.25%, what is the price of
A $1,000 par bond with a 12.25% coupon has 10 years to maturity. If the yield to maturity is 12.25%, what is the price of the bond?
| $1,138.25 | ||
| $1,047.92 | ||
| $1,000.00 | ||
| $889.20 |
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Corporate Finance
Authors: Peter Demarzo, Jonathan Berk
3rd Global Edition
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