Question
Assume a par value of $1,000. Caspian Sea plans to issue a 11.00 year, annual pay bond that has a coupon rate of 8.12%. If
Assume a par value of $1,000. Caspian Sea plans to issue a 11.00 year, annual pay bond that has a coupon rate of 8.12%. If the yield to maturity for the bond is 7.81%, what will the price of the bond be?
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Finance For Executives Managing For Value Creation
Authors: Gabriel Hawawini, Claude Viallet
6th Edition
1473749247, 9781473749245
