Question
A bond with 13 years to maturity and a coupon rate of 13% has a par, or face, the value of $21,000. Interest is paid
A bond with 13 years to maturity and a coupon rate of 13% has a par, or face, the value of $21,000. Interest is paid annually. If you require a return of 15% on this bond, what is the price of the bond?
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The Handbook Of Fixed Income Securities
Authors: Frank Fabozzi, Steven Mann, Francesco Fabozzi
9th Edition
1260473899, 978-1260473896
