Question
A General Power bond carries a coupon rate of 9.5%, has 9 years until maturity, and sells at a yield to maturity of 8.5%. (Assume
A General Power bond carries a coupon rate of 9.5%, has 9 years until maturity, and sells at a yield to maturity of 8.5%. (Assume annual interest payments.)
interest payments $95
At what price does the bond sell?
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Cases in Financial Reporting
Authors: Michael J. Sandretto
1st edition
538476796, 978-0538476799
