Question
Assume a par value of $1,000. Caspian Sea plans to issue a 20.00 year, semi-annual pay bond that has a coupon rate of 7.92%. If
Assume a par value of $1,000. Caspian Sea plans to issue a 20.00 year, semi-annual pay bond that has a coupon rate of 7.92%. If the yield to maturity for the bond is 8.41%, what will the price of the bond be?
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, Srikant M. Datar, George Foster
12th edition
978-0131495388
