Question
An 8% bond pays its coupon annually and has 9 years left to maturity. If its current YTM is 8.16%, what is its quoted price?
An 8% bond pays its coupon annually and has 9 years left to maturity. If its current YTM is 8.16%, what is its quoted price?
(Round to the nearest hundredth and do not enter a dollar or percent sign)
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Corporate Finance Investment And Advisory Applications
Authors: Jesse McDougall, Patrick Boyle
1st Edition
1530116597, 9781530116591
