Question
A corporate bond has 17 years to maturity, a face value of $1,000, a coupon rate of 5.3% and pays coupon twice a year. The
A corporate bond has 17 years to maturity, a face value of $1,000, a coupon rate of 5.3% and pays coupon twice a year. The annual market interest rate for similar bonds is 3.2%.
Attempt 1/3 for 10 pts.
Part 1
What is the price of the bond (in $)?
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The Analysis And Use Of Financial Statements
Authors: Gerald I. White, Ashwinpaul C. Sondhi, Haim D. Fried
2nd Edition
0471111864, 978-0471111863
