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Ailerone, Inc. has issued a bond with the following characteristics: (Please show your work as I am attempting to work out similar problems using excel)
Ailerone, Inc. has issued a bond with the following characteristics:
(Please show your work as I am attempting to work out similar problems using excel)
| Par-Value | 1,000 |
| Settlement date | 1/1/2000 |
| Maturity date | 1/1/2015 |
| Annual coupon rate | 12.00% |
| Coupons per year | 2 |
| Yield to maturity | 12% |
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School Finance And Business Management Optimizing Fiscal Facility And Human Resources
Authors: Craig A. Schilling, Daniel R. Tomal
2nd Edition
1475844026, 978-1475844023
