Question
An investor is considering purchasing a $1,000 bond with an 8% coupon rate. The bond was issued 7 years ago with a 30 year original
An investor is considering purchasing a $1,000 bond with an 8% coupon rate. The bond was issued 7 years ago with a 30 year original maturity. If the investor requires a return of 7% based on the riskiness oft he bond, how much should she pay for the bond?
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Issues In Finance And Monetary Policy
Authors: J. McCombie ,C. RodrĂguez González
1st Edition
0230007988,0230801498
