Question
A 7 year t-bond has a par value of $1,000,000 and pays a bi-annual coupon of $15,000. If it is stripped into 15 separate securities,
A 7 year t-bond has a par value of $1,000,000 and pays a bi-annual coupon of $15,000. If it is stripped into 15 separate securities, what would be the value of the coupon which is paid 4 years from today if the required return is 2.5%?
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Quantitative Corporate Finance
Authors: John B. Guerard Jr. Anureet Saxena, Mustafa Gultekin
2nd Edition
3030435466, 978-3030435462
