Question
Assume a par value of $1,000. Caspian Sea plans to issue a 15.00 year, semi-annual pay bond that has a coupon rate of 8.04%. If
Assume a par value of $1,000. Caspian Sea plans to issue a 15.00 year, semi-annual pay bond that has a coupon rate of 8.04%. If the yield to maturity for the bond is 7.74%, what will the price of the bond be?
SubmitAnswer format: Currency: Round to: 2 decimal places.
Assume a par value of $1,000. Caspian Sea plans to issue a 15.00 year, semi-annual pay bond that has a coupon rate of 8.04%. If the yield to maturity for the bond is 7.74%, what will the price of the bond be?
Answer format: Currency: Round to: 2 decimal places.
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Financial Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
6th Canadian edition
1118644948, 978-1118805084, 1118805089, 978-1118644942
