Question
ABC, Inc. has issued a 6-year bond with a par value of $1,000, coupon rate of 10.94%. The yield to maturity (YTM) is 14.39%. Assume
ABC, Inc. has issued a 6-year bond with a par value of $1,000, coupon rate of 10.94%. The yield to maturity (YTM) is 14.39%. Assume semi-annual payments. What is today's price of this bond?
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Personal Finance Building Your Future
Authors: Robert B. Walker, Kristy P. Walker
1st edition
9780077861728, 978-0073530659
