Question
A bond with 11 11 years to maturity and a coupon rate of 6 6% has a par, or face, value of $ 21 comma
A bond with 11 11 years to maturity and a coupon rate of 6 6% has a par, or face, value of $ 21 comma 000 21,000. Interest is paid annually. If you require a return of 18 18% on this bond, what is the price of the bond? The value of the bond is
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Public Finance A Contemporary Application Of Theory To Policy
Authors: David N Hyman
10th Edition
053875446X, 978-0538754460
