Question
A 30-year bond has a par value of 1000 and an annual coupon rate of 8% and pays coupon semi-annually. Suppose its interest rate (YTM)
A 30-year bond has a par value of 1000 and an annual coupon rate of 8% and pays coupon semi-annually. Suppose its interest rate (YTM) is 10% annually. What is the bond price at issuance?
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Analysis For Financial Management
Authors: Robert Higgins, Jennifer Koski, Todd Mitton
13th Edition
1260772365, 978-1260772364
