Question
A bond with 10 years to maturity has a face value of $1,000. The bond can be called in four years for $1050. The bond
A bond with 10 years to maturity has a face value of $1,000. The bond can be called in four years for $1050. The bond pays an 6 percent semiannual coupon, and the bond has a 2.8 percent nominal yield to maturity. What is the price of the bond today assuming that it will be called?
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Overcoming Debt Achieving Financial Freedom
Authors: Cindy Zuniga-Sanchez
1st Edition
1119902320, 978-1119902324
