Question
A bond will mature in 25 years. It has a 6% coupon rate and will pay annual coupons. If the bond has a face value
A bond will mature in 25 years. It has a 6% coupon rate and will pay annual coupons. If the bond has a face value of $1,000 and a 6.8% yield to maturity, what should be the price of the bond today?
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Entrepreneurial Finance
Authors: J. Chris Leach, Ronald W. Melicher
7th Edition
0357442040, 978-0357442043
