Question
Assume a par value of $1,000. Caspian Sea plans to issue a 15.00 year, semi-annual pay bond that has a coupon rate of 8.05%. If
Assume a par value of $1,000. Caspian Sea plans to issue a 15.00 year, semi-annual pay bond that has a coupon rate of 8.05%. If the yield to maturity for the bond is 7.57%, what will the price of the bond be?
Assume a par value of $1,000. Caspian Sea plans to issue a 19.00 year, semi-annual pay bond that has a coupon rate of 7.89%. If the yield to maturity for the bond is 8.37%, what will the price of the bond be?
Assume a par value of $1,000. Caspian Sea plans to issue a 18.00 year, semi-annual pay bond that has a coupon rate of 11.00%. If the yield to maturity for the bond is 11.0%, what will the price of the bond be?
Answer format: Currency: Round to: 2 decimal places.
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Principles Of Housing Finance Reform
Authors: Susan M. Wachter, Joseph Tracy
1st Edition
0812248627, 978-0812248623
