Question
A person wants to save for retirement and is considering investing in a bond. The bond has a face value of $100,000, a coupon rate
A person wants to save for retirement and is considering investing in a bond. The bond has a face value of $100,000, a coupon rate of 6%, and matures in 5 years. The current market interest rate is 8%. What is the price of the bond? Show your calculations.
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Data Analysis And Decision Making
Authors: Christian Albright, Wayne Winston, Christopher Zappe
4th Edition
538476125, 978-0538476126
