Question
ABC Inc. recently issued $1,000 par bonds at a 11.75% coupon rate. If the bonds have 9 years to maturity and a YTM of 8.36%,
ABC Inc. recently issued $1,000 par bonds at a 11.75% coupon rate. If the bonds have 9 years to maturity and a YTM of 8.36%, what is the current price of the bond? Assume semi-annual compounding.
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
10th Canadian edition
1259261018, 1259261015, 978-1259024979
