Question
ABC, Inc. has issued a 8-year bond with a par value of $1,000, coupon rate of 11.17%. The yield to maturity (YTM) is 12.21%. Assume
ABC, Inc. has issued a 8-year bond with a par value of $1,000, coupon rate of 11.17%. The yield to maturity (YTM) is 12.21%. Assume semi-annual payments. What is today's price of this bond?
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International financial management
Authors: Jeff Madura
13th edition
978-1337099738, 1337099732, 9781337515894, 1337515892, 978-1337587211
