Question
A corporate bond pays an annual coupon rate of 7,9%. Coupon payments are made semiannually and the next coupon payment will be made 6 months
A corporate bond pays an annual coupon rate of 7,9%. Coupon payments are made semiannually and the next coupon payment will be made 6 months from now. The bond matures 14 years from now, the bond's yield to maturity is 5,3 percent, and the par value of the bond is $1000. What is the price of the bond today?
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Carbon Markets Or Climate Finance?
Authors: Axel Michaelowa
1st Edition
0415743435, 978-0415743433
