Question
a coupon bond that pays interest annually has a par value of 1000, matures in 5 years, and has a yield to maturity of 10%.
a coupon bond that pays interest annually has a par value of 1000, matures in 5 years, and has a yield to maturity of 10%. the price of the bond today should be _____ if the coupon rate is 7%.
answers- 712.99, 620.92, 1,123.01, 886.28
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Fundamentals of Corporate Finance
Authors: Berk, DeMarzo, Harford
2nd edition
978-0132148238
