Question
A Microsoft and an Oracle bond both have 18 years to maturity, a $1,000 par value, an AA rating and pay interest semiannually. Microsoft has
A Microsoft and an Oracle bond both have 18 years to maturity, a $1,000 par value, an AA rating and pay interest semiannually. Microsoft has a coupon rate of 6.5%, while Oracle has a coupon rate of 5%. The Microsoft bond trades at $794.1. What should be the price of the Oracle bond (in $)?
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Stock Trading $Trategies For Self Directed Beginners
Authors: J.r. Zordi
1st Edition
1542378230, 978-1542378239
