Question
A bond pays a 6 percent coupon annually and matures in 12 years. If interest rates have changed to 8.5 percent for similar bonds, what
A bond pays a 6 percent coupon annually and matures in 12 years. If interest rates have changed to 8.5 percent for similar bonds, what should be the price for this bond? (Assume $1000 face value)
Use excel too and explain
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Cost Benefit Analysis
Authors: Harry F. Campbell, Richard P.C. Brown
3rd Edition
1032320753, 9781032320755
