Question
Alterra issued a bond with the following characteristics: maturity: 15 years, coupon rate: 6.87% (paid semi-annually), face value: $1000. You know the yield to maturity
Alterra issued a bond with the following characteristics: maturity: 15 years, coupon rate: 6.87% (paid semi-annually), face value: $1000. You know the yield to maturity on this bond is 6.18%. What should be the price of this bond?
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Fundamentals Of Corporate Finance
Authors: Stephen A Ross, Randolph W Westerfield, Bradford D Jordan
7th Edition
0073134295, 9780073134291
