Question
Assue I have a bond that pays annual coupons and the coupon rate is 6% ($1000 face value). The bond will mature in 15 years.
Assue I have a bond that pays annual coupons and the coupon rate is 6% ($1000 face value). The bond will mature in 15 years. What is the implied interest rate if I am willing to pay $1350?
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Real Estate Finance And Investments
Authors: William Brueggeman, Jeffrey Fisher
16th Edition
1259919684, 978-1259919688
