Question
A European bond has a par value of 1000 Euros, a coupon rate of 4.5 percent and a yield to maturity of 5.2 percent. The
A European bond has a par value of 1000 Euros, a coupon rate of 4.5 percent and a yield to maturity of 5.2 percent. The bond has 19 years to maturity. Coupons are made annually. What is the value of the bond?
| 948.38 |
| 916.77 |
| 968.39 |
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Fundamentals Of Financial Management
Authors: James Van Horne, John Wachowicz
13th Revised Edition
978-0273713630, 273713639
