Question
Assume a par value of $1,000. Caspian Sea plans to issue a 3.00 year, semi-annual pay bond that has a coupon rate of 12.00%. If
Assume a par value of $1,000. Caspian Sea plans to issue a 3.00 year, semi-annual pay bond that has a coupon rate of 12.00%. If the yield to maturity for the bond is 12.0%, what will the price of the bond be?
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Focus On Personal Finance
Authors: Jack R. Kapoor, Les R. Dlabay Professor, Robert J. Hughes, Melissa Hart
5th Edition
0077861744, 978-0077861742
