Question
A firm has a bond issue outstanding with 15 years to maturity and a coupon rate of 8 percent (payments are semiannual).The par value of
A firm has a bond issue outstanding with 15 years to maturity and a coupon rate of 8 percent (payments are semiannual).The par value of each bond is $1,000.The required rate has now risen to 12 percent per year.What is the current value of each bond? Please show work and calculations.
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The Changing Geography Of Banking And Finance
Authors: Pietro Alessandrini ,Michele Fratianni ,Alberto Zazzaro
1st Edition
1441947205, 978-1441947208
