Question
ABC Company is issuing a new bond with a par value of $1000 and a coupon rate of 6%. The time to maturity is 28
ABC Company is issuing a new bond with a par value of $1000 and a coupon rate of 6%. The time to maturity is 28 years and the Yield to Maturity is 5.2%. If coupon payments are semi-annual, what is today's price of this bond?
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Public Finance A Contemporary Application Of Theory To Policy
Authors: David N Hyman
10th Edition
053875446X, 978-0538754460
