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An investor has asked us about the purchase price of a bond that has an 6.27% annual coupon rate (paid semi-annually), while interest rates in
- An investor has asked us about the purchase price of a bond that has an 6.27% annual coupon rate (paid semi-annually), while interest rates in the market on similar quality issues are currently paying 9.33%. The bond issue in question has 12 and a half years to maturity. How much should the investor be willing to pay for this bond?
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Entrepreneurial Finance
Authors: J . chris leach, Ronald w. melicher
4th edition
538478152, 978-0538478151
