Question
A bond with a 12 percent quartely coupon rate has a yield to maturity of 16 percent. The bond has a par value of $1000
A bond with a 12 percent quartely coupon rate has a yield to maturity of 16 percent. The bond has a par value of $1000 and matures in 20 years. Based on this information, a fair price of this bond is?
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Handbook Of Research Methods And Applications In Empirical Finance
Authors: Adrian R. Bell, Chris Brooks, Marcel Prokopczuk
1st Edition
1782540172, 978-1782540175
