Question
ABC Company is issuing a new bond with a par value of $1000 and a coupon rate of 4%. The time to maturity is 25
ABC Company is issuing a new bond with a par value of $1000 and a coupon rate of 4%. The time to maturity is 25 years and the Yield to Maturity is 7.32%. Ifcoupon payments are semi-annual, what is today's price of this bond?
How is PV calculated in this question
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Foundations Of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
11th Canadian Edition
1259024970, 978-1259265921
