Question
A fifteen-year bond with semi-annual coupons has a nominal annual rate of 6.5%. The bond is par-valued and has a face value of $100,000. (Each
A fifteen-year bond with semi-annual coupons has a nominal annual rate of 6.5%. The
bond is par-valued and has a face value of $100,000. (Each coupon pays $3,250.) The price of the
bond is $66,573.05.
a)
Find the yield.
b)
Write up the bond.
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Analysis for Financial Management
Authors: Robert c. Higgins
8th edition
73041807, 73041803, 978-0073041803
