Question
A firm has outstanding a $1,000 par-value bond with an 8% annual coupon rate. The bond has 12 years remaining to maturity and the interest
A firm has outstanding a $1,000 par-value bond with an 8% annual coupon rate. The bond has 12 years remaining to maturity and the interest is paid annually. The bond's yield to maturity is 10%. What is the value of the bond?
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Innovation And Technology
Authors: Nikos Vernardakis
1st Edition
0415676800, 978-0415676809
