Question
Assume a par value of $1,000. Caspian Sea plans to issue a 13.00 year, semi-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 13.00 year, semi-annual pay bond that has a coupon rate of 8.18%. If the yield to maturity for the bond is 7.50%, what will the price of the bond be?
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Mathematics Of Finance
Authors: Robert Brown, Petr Zima
2nd Edition
0071756051, 9780071756051
