Question
A company has with a par value of $1,000 which pay semiannual interest of $60. The bonds are set to mature in 15 years and
A company has with a par value of $1,000 which pay semiannual interest of $60. The bonds are set to mature in 15 years and the interest rates on comparable bonds (YTM) is 10% per annum. What is the price of this bond?
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Banking And Finance
Authors: Brian Duignan
1st Edition
1615308946, 978-1615308941
