Question
A corporate bond you purchased some time ago had a 5% annual coupon rate, with four years until maturity, and a $1,000 face value. You
A corporate bond you purchased some time ago had a 5% annual coupon rate, with four years until maturity, and a $1,000 face value. You sold the bond at the end of the fourth year for $950. Your realized rate of return on the instrument was 10%. What is the current market price of the bond?
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Contemporary Issues In Development Finance
Authors: Joshua Yindenaba Abor, Robert Lensink, Charles Komla Delali Adjasi
1st Edition
1138324329, 978-1138324329
