Question
A company wishes to issue a 10 year fixed coupon bond with a face value of $1000 and a coupon rate of 6% pa, paid
A company wishes to issue a 10 year fixed coupon bond with a face value of $1000 and a coupon rate of 6% pa, paid semi-annually.
If the bond offers a yield of 8% pa compounding semi-annually, what will be the bond's price?
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Finance Applications and Theory
Authors: Marcia Cornett
4th edition
1259691411, 978-1259691416
