Question
A 5% coupon bond has a face value of $1,000, pays interest semi-annually, has 12 years to maturity, and is currently selling for $987. Is
A 5% coupon bond has a face value of $1,000, pays interest semi-annually, has 12 years to maturity, and is currently selling for $987. Is this bond selling at a discount or a premium? What is the yield-to-maturity?
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Private Equity Mathematics
Authors: Oliver Gottschalg
1st Edition
1908783508, 9781908783509
