Question
A 6% coupon bond has a par value of $1,000 and 13 years remaining until maturity. Coupons are paid semi-annually. Your required rate of return
A 6% coupon bond has a par value of $1,000 and 13 years remaining until maturity. Coupons are paid semi-annually. Your required rate of return (as an annualized number) is 8.2%, and the bond's price is $774. What is the Net Present Value (NPV) of purchasing one bond today?
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Handbook Of Consumer Finance Research
Authors: Jing Jian Xiao
2nd Edition
3319288857, 978-3319288857
