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A 40-year bond pays quarterly coupons and has 12 years left until maturity. If you bought the bond, you would - receive a coupon
A 40-year bond pays quarterly coupons and has 12 years left until maturity. If you bought the bond, you would - receive a coupon payment of R98,50 every three months. The bond has an interest rate of 13% and par value of R1 000. What is the current price of the bond?
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To calculate the current price of the bond we need to calculate the present value of the future cash ...
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Money Banking And The Financial System
Authors: R. Glenn Hubbard, Anthony Patrick O'Brien
3rd Edition
134524063, 9780134524573, 978-0134524061
