Question
A firm has a 10% per annum upon bond and sh 1000 face value .The interest is paid semi -annually and the bond has 20
A firm has a 10% per annum upon bond and sh 1000 face value .The interest is paid semi -annually and the bond has 20 years to maturity.If investors require 12% per annum yield what is the value of the bond? what will be the yield to maturity if the bond was quarterly?
please show your working.
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Global Corporate Finance A Focused Approach
Authors: Suk Hi Kim, Kenneth A Kim
2nd Edition
9814618004, 9789814618007
