Question
A $1,000 par value bond is currently selling in the marketplace. It had an original maturity of 25 years and was sold 13 years ago.
A $1,000 par value bond is currently selling in the marketplace. It had an original maturity of 25 years and was sold 13 years ago. Its coupon rate is 8% and you are to determine its current price, given bonds of comparable risk have a yield to maturity of 10.5%.
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Principles Of Investments
Authors: Alan Marcus, Zvi Bodie, Michael Drew, Anup Basu, Alex Kane
1st Edition
0071012389, 978-0071012386
