Question
An investor would like to determine how much he can pay for a semi-annual coupon bond that matures in exactly 11 years. The bond has
An investor would like to determine how much he can pay for a semi-annual coupon bond that matures in exactly 11 years. The bond has a 8% APR coupon rate and a face value of $1,000. The investor would like a 6% APR to purchase the bond. How much can the investor pay today?
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Public Finance In Canada
Authors: Harvey Rosen, Beverly George Dahlby, Roger Smith, Jean-Francois Wen, Tracy Snoddon
3rd Canadian Edition
0070951659, 978-0070951655
