Question
A 8% coupon bond has 13 years remaining until maturity. If the bond's yield-to-maturity is 5.5% and coupons are paid semi-annually, what is its price?
A 8% coupon bond has 13 years remaining until maturity. If the bond's yield-to-maturity is 5.5% and coupons are paid semi-annually, what is its price? Express your answer as a percentage of par rounded to four decimal places. That is, if the answer is "101.3528% of par value", enter 101.3528.
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Business Analysis And Valuation Using Financial Statements Text And Cases
Authors: Krishna G. Palepu, Paul M. Healy, Victor Lewis Bernard, W.Gordon Filby
2nd Edition
0324015658, 9780324015652
