Question
A particular bond has 8 years to maturity. It has a face value of $5,000. It has a YTM of 7% and the coupons are
A particular bond has 8 years to maturity. It has a face value of $5,000. It has a YTM of 7% and the coupons are paid semiannually at a 11% annual rate. What does the bond currently sell for?
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Fundamentals of Corporate Finance
Authors: Richard Brealey, Stewart Myers, Alan Marcus, Devashis Mitra, Elizabeth Maynes, William Lim
6th Canadian edition
1259024962, 978-1259024962
