Question
A $1,000 par value bond has 8 years left to maturity. Its annual coupon rate is 6% and the current annual YTM is 10%. If
A $1,000 par value bond has 8 years left to maturity. Its annual coupon rate is 6% and the current annual YTM is 10%.
If the bond pays interest semiannually how much would you pay today for this bond?
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Principles of managerial finance
Authors: Lawrence J Gitman, Chad J Zutter
12th edition
9780321524133, 132479540, 321524136, 978-0132479547
