Question
Assume a par value of $1,000. Caspian Sea plans to issue a 17.00 year, annual pay bond that has a coupon rate of 8.13%. If
Assume a par value of $1,000. Caspian Sea plans to issue a 17.00 year, annual pay bond that has a coupon rate of 8.13%. If the yield to maturity for the bond is 7.75%, what will the price of the bond be? Answer format: Currency: Round to: 2 decimal places.
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Contemporary Economics An Applications Approach
Authors: Robert Carbaugh
8th Edition
1138652199, 978-1138652194
