Question
As with most bonds, consider a bond with a face value of $1,000. The bond's maturity is 19 years, the coupon rate is 4% paid
As with most bonds, consider a bond with a face value of $1,000. The bond's maturity is 19 years, the coupon rate is 4% paid semiannually, and the discount rate is 10%. What is the estimated value of this bond today?
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Options Futures And Other Derivatives
Authors: John C. Hull
3rd Edition
0131864793, 9780306457555
