Question
A 5-year bond was issued three years ago. The bond is denominated in US dollars, offers a coupon rate of 5% with interest paid semi-annually,
A 5-year bond was issued three years ago. The bond is denominated in US dollars, offers a coupon rate of 5% with interest paid semi-annually, and is currently priced at 101% of par. The bonds:
A) tenor is 5 years.
B) redemption price is half the current price.
C) nominal rate is 2.5%.
D) tenor is 2 years.
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International Finance The Markets And Financial Management Of Multinational Business
Authors: Maurice D. Levi
3rd Edition
0070376875, 978-0070376878
