Question
a bank buys bond with a par value of $50 million for 48,000,000 the coupon rate is 10% and the bonds pay annual payments. the
a bank buys bond with a par value of $50 million for 48,000,000 the coupon rate is 10% and the bonds pay annual payments. the bonds mature in 4 years. the bank wants them to sell them in 2 years and estimates the required rate of return in 2 years will be 7%. what will the market value of the bond be in two years?
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Blockchain Real World Applications And Understanding How Blockchain Can Be Applied In Your World
Authors: Wayne Walker
1st Edition
1091858586, 978-1091858589
