Question
A 18-year bond with a face value of 1500 dollars is redeemable at twice par, and pays annual coupons at a rate of 3.3 percent
A 18-year bond with a face value of 1500 dollars is redeemable at twice par, and pays annual coupons at a rate of 3.3 percent effective. Find the price to yield an investor 4.7 percent effective.
Answer = dollars (3 decimal place)
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International Finance Putting Theory Into Practice
Authors: Piet Sercu
1st edition
069113667X, 978-0691136677
