Question
Ailerone, Inc. has issued a bond with the following characteristics: Par Value 1,000 Settlement date 1/1/2000 Maturity date 1/1/2015 Annual coupon rate12.00% Coupons per year
Ailerone, Inc. has issued a bond with the following characteristics:
Par Value 1,000
Settlement date 1/1/2000
Maturity date 1/1/2015
Annual coupon rate12.00%
Coupons per year 2
Yield to maturity 12%
What is the price of the bond?
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Financial Markets And Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakins
9th Edition
0134519264, 9780134519265
