Question
Assume a par value of $1,000. Caspian Sea plans to issue a 12.00 year, semi-annual pay bond that has a coupon rate of 7.99%. If
Assume a par value of $1,000. Caspian Sea plans to issue a 12.00 year, semi-annual pay bond that has a coupon rate of 7.99%. If the yield to maturity for the bond is 8.17%, what will the price of the bond be?
Answer format: Currency: Round to: 2 decimal places.
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The Geography Of Finance
Authors: Gordon L. Clark, Darius Wójcik
1st Edition
0199213364, 978-0199213368
