Question
Assume a par value of $1,000. Caspian Sea plans to issue a 21.00 year, annual pay bond that has a coupon rate of 3.00%. If
Assume a par value of $1,000. Caspian Sea plans to issue a 21.00 year, annual pay bond that has a coupon rate of 3.00%. If the yield to maturity for the bond is 3.0%, what will the price of the bond be?
two decimal places
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The Legal Environment Today Summarized Case Edition
Authors: Roger LeRoy Miller
8th Edition
130526276X, 978-1305279407, 1305279409, 978-1305704930, 1305704932, 978-1305262768
