Question
A coupon bond that pays interests half yearly has a par value of $100. The bond matures in 12 years and has an annual yield
A coupon bond that pays interests half yearly has a par value of $100. The bond matures in 12 years and has an annual yield to maturity of 6.5%. If the annual coupon rate is 11.65%. Calculate the intrinsic value of the bond today.
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Handbook Of Financial Risk Management
Authors: Thierry Roncalli
1st Edition
1138501875, 978-1138501874
