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Assume a par value of $1,000. Caspian Sea plans to issue a 13.00 year, annual pay bond that has a coupon rate of 7.85%. If
Assume a par value of $1,000. Caspian Sea plans to issue a 13.00 year, annual pay bond that has a coupon rate of 7.85%. If the yield to maturity for the bond is 8.45%, what will the price of the bond be?
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Financial Modeling
Authors: Simon Benninga
4th Edition
0262027283, 9780262027281
