Question
ABC has issued a bond with the following characteristics: Par: $1,000; Time to maturity: 13 years; Coupon rate: 5%; Assume semi-annual coupon payments. Calculate the
ABC has issued a bond with the following characteristics:
Par: $1,000; Time to maturity: 13 years; Coupon rate: 5%;
Assume semi-annual coupon payments. Calculate the price of this bond if the YTM is 4.05%
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Financial Management Principles and Applications
Authors: Sheridan Titman, Arthur J. Keown, John H. Martin
13th edition
134417216, 978-0134417509, 013441750X, 978-0134417219
