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A 10-year 6% $10,000 par value bond with a semi-annual coupon is offered. This bond is callable in 7 years at a call price of
- A 10-year 6% $10,000 par value bond with a semi-annual coupon is offered. This bond is callable in 7 years at a call price of 10,475.00. What is the highest price an investor would be willing to pay for this bond if their required yield is 13%?
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The AMA Handbook Of Financial Risk Management
Authors: John J. Hampton
1st Edition
0814417442, 978-0814417447
