Question
An 18-year Telus bond with a face value of $1,000, a coupon rate of 8.5% paid semi-annually, was issued 8 years ago. Similar bonds are
An 18-year Telus bond with a face value of $1,000, a coupon rate of 8.5% paid semi-annually, was issued 8 years ago. Similar bonds are currently having a yield to maturity of 7%. What should be this bond's fair price?
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Real Estate Finance
Authors: John P. Wiedemer, Keith J. Baker
9th edition
324181426, 324181425, 978-0324181425
