Question
A bond with a face value of $ 1,000 is selling today at $ 955.14. The bond pays a single 8% annual coupon, which has
A bond with a face value of $ 1,000 is selling today at $ 955.14. The bond pays a single 8% annual coupon, which has just been paid. It will expire in 6 years. If you buy this bond, you will get an annual nominal return of
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Finance For Non Financial Managers
Authors: Pierre G. Bergeron
5th Edition
0176104070, 9780176104078
