Question
A coupon bond that pays interest annually has a par value of $1000, matures in 4 years, and has a yield to maturity of 10%.
"A coupon bond that pays interest annually has a par value of $1000, matures in 4 years, and has a yield to maturity of 10%. If the coupon rate is 4%, the value of the bond today will be __________. Note: Express your answers in strictly numerical terms. For example, if the answer is $500, write enter 500 as an answer."
"A coupon bond that pays interest annually has a par value of $1000, matures in 4 years, and has a yield to maturity of 3%. If the coupon rate is 12.5%, the value of the bond today will be __________. Note: Express your answers in strictly numerical terms. For example, if the answer is $500, write enter 500 as an answer."
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Microfinance And Sustainable Development In Africa
Authors: Yahaya Alhassan, Uzoechi Nwagbara
1st Edition
1799874990,1799875024
