Question
A company issued a corporate bond with a face value of $1000. The coupon rate is 5% and the yield to maturity is 4%. The
A company issued a corporate bond with a face value of $1000. The coupon rate is 5% and the yield to maturity is 4%. The price of the bond should be:
Less than $1000. M
ore than $1000.
Equal to $1000.
Not enough information.
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Financial Management
Authors: Geoffrey Knott
4th Edition
1403903824, 9781403903822
