Question
ARONA Company issued a bond at par, with a face value of $14,000 at the end of 3 years. The Yield to Maturity of the
ARONA Company issued a bond at par, with a face value of $14,000 at the end of 3 years. The Yield to Maturity of the Bond (YTM) was stated as 6% and the annual coupon of $200 paid at the end of each year.
A.) Calculate the price of the Bond by using the formula (show your calculations).
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Finance
Authors: Angelico Groppelli, Ehsan Nikbakht
7th Edition
1438010362, 9781438010366
