Question
a company has issued bonds that have a 9.5% coupon rate, payable semiannually. The bonds mature in 7 years, have a face value of 1,000,
a company has issued bonds that have a 9.5% coupon rate, payable semiannually. The bonds mature in 7 years, have a face value of 1,000, and a yield to maturity of 8.5%. What is the price of the bond?
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The Ascendancy Of Finance
Authors: Joseph Vogl, Simon Garnett
1st Edition
1509509305, 978-1509509300
