Question
A coupon bond that pays interest annually has a par value of $1,000, matures in 8 years, and has a yield to maturity of 6%.
A coupon bond that pays interest annually has a par value of $1,000, matures in 8 years, and has a yield to maturity of 6%. If the coupon rate is 7%, then value of the bond today will be __________.
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Essentials Of Real Estate Finance
Authors: David Sirota, Doris Barrell
14th Edition
1475428391, 9781475428391
