Question
A company has a bond outstanding with a face value of $10000 that reaches maturity in 10 years. The bond certificate indicates that the stated
A company has a bond outstanding with a face value of $10000 that reaches maturity in 10 years. The bond certificate indicates that the stated coupon rate for this bond is 0.08% and that the coupon payments are to be made semiannually. Assuming the appropriate YTM on the bond is 11.1%, then the price that this bond trades for will be close to ?
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Successful Fundraising For Arts And Cultural Organizations
Authors: Carolyn S. Friedman, Karen B. Hopkins
2nd Edition
1573560294, 978-1573560290
