Question
ABC, Inc. has issued a 7-year bond with a par value of $1,000, coupon rate of 14.14%. The yield to maturity (YTM) is 5.88%. Assume
ABC, Inc. has issued a 7-year bond with a par value of $1,000, coupon rate of 14.14%. The yield to maturity (YTM) is 5.88%. Assume semi-annual payments. What is today's price of this bond? Note: Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box
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The Changing Geography Of Banking And Finance
Authors: Pietro Alessandrini ,Michele Fratianni ,Alberto Zazzaro
1st Edition
1441947205, 978-1441947208
