Question
A bond has 8% coupon rate (coupon paid semiannually) and it has 8 years left to maturity. The face value is $1000. If the yield
A bond has 8% coupon rate (coupon paid semiannually) and it has 8 years left to maturity. The face value is $1000. If the yield to maturity is 10%, what is the bond price?
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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Gordon Roberts, Hamdi Driss
8th Canadian Edition
01259270114, 9781259270116
