Question
A three-year bond is issued with a face value of $1000 and a semi-annual coupon of $60. If the required annual yield on the bond
A three-year bond is issued with a face value of $1000 and a semi-annual coupon of $60. If the required annual yield on the bond is 10%, what is the value of the bond at the time it is issued?
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Finance
Authors: Angelico Groppelli, Ehsan Nikbakht
7th Edition
1438010362, 9781438010366
