Question
A $1,000 par value corporate bond is maturing in five years and has a 5 percent coupon which is paid annually. The yield to maturity
A $1,000 par value corporate bond is maturing in five years and has a 5 percent coupon which is paid annually. The yield to maturity on the bond is 7 percent. The bond's price is closest to?
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Finance For Executives Managing For Value Creation
Authors: Gabriel Hawawini, Claude Viallet
2nd Edition
0324117752, 9780324117752
