Question
A bond has a par value of $1,000, 6 years to maturity, and a coupon rate of 3.16%? Assume that coupon payments are made semiannually.
A bond has a par value of $1,000, 6 years to maturity, and a coupon rate of 3.16%? Assume that coupon payments are made semiannually.
If the required rate of return is 5.54%, what is the value of the bond?
What is the bonds value if the required rate of return increases to 6.31%?
What is the bonds value if the required rate decreases to 4.31%?
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Real Estate Development Principles And Process
Authors: Mike E. Miles, Laurence M. Netherton, Adrienne Schmitz
5th Edition
0874203430, 978-0874203431
