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Assume a par value of $1,000. Caspian Sea plans to issue a 9.00 year, annual pay bond that has a coupon rate of 8.18%. If
Assume a par value of $1,000. Caspian Sea plans to issue a 9.00 year, annual pay bond that has a coupon rate of 8.18%. If the yield to maturity for the bond is 7.81%, what will the price of the bond be?
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Financial Modeling
Authors: Simon Benninga
4th Edition
0262027283, 9780262027281
