Question
A bond has an issue value of $20 million in $1,000 certificate denominations and a maturity of exactly10 years. If the coupon rate is 5%
A bond has an issue value of $20 million in $1,000 certificate denominations and a maturity of exactly10 years. If the coupon rate is 5% and the yield to maturity is 6%, what should be the current price to purchase the bond?
COULD YOU ALSO UPLOAD HOW TO PUT IT IN THE CALCULATOR PLEASE?
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Personal Financial Planning
Authors: Lawrence J. Gitman, Michael D. Joehnk
11th Edition
0324422865, 978-0324422863
