Question
A bond pays an annual coupon of $100, with the first payment arriving in one year. The face value is $1000, and the term of
A bond pays an annual coupon of $100, with the first payment arriving in one year. The face value is $1000, and the term of the bond is 30 years. If the yield-to-maturity is 6%, what is the price of the bond?
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Local Public Finance
Authors: René Geissler, Gerhard Hammerschmid, Christian Raffer
1st Edition
3030674681, 978-3030674687
