Question
A fully amortized bond has a maturity of 5 years, and a coupon rate of 7.2%. The market interest rate is assumed to be 7.2%,
A fully amortized bond has a maturity of 5 years, and a coupon rate of 7.2%. The market interest rate is assumed to be 7.2%, and the principal amount of the bond is $1,000. The principal repayment the first year is:
Round you answer to 2 decimal places, for example $100.12.
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The VAR Implementation Handbook
Authors: Greg Gregoriou
1st Edition
007161513X, 978-0071615136
