Question
A corporate bond with a $1,000 face value pays a $50 coupon semi-annually. The bond will mature in ten years, and has a nominal
A corporate bond with a $1,000 face value pays a $50 coupon semi-annually. The bond will mature in ten years, and has a nominal yield to maturity of 9 percent. What is the price of the bond?
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Investment Analysis and Portfolio Management
Authors: Frank K. Reilly, Keith C. Brown
10th Edition
538482109, 1133711774, 538482389, 9780538482103, 9781133711773, 978-0538482387
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