Question
ABC Inc. recently issued $1,000 par bonds at a 14.05% coupon rate. If the bonds have 6 years to maturity and a YTM of 13.71%,
ABC Inc. recently issued $1,000 par bonds at a 14.05% coupon rate. If the bonds have 6 years to maturity and a YTM of 13.71%, what is the current price of the bond? Assume semi-annual compounding.
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The Oxford Handbook Of Computational Economics And Finance
Authors: Shu-Heng Chen, Mak Kaboudan, Ye-Rong Du
1st Edition
0199844372, 978-0199844371
