Question
Assume that a 16-year, 9% bond is callable after 10 years at 105% of par value and the discount rate in todays market is 6%.
Assume that a 16-year, 9% bond is callable after 10 years at 105% of par value and the discount rate in todays market is 6%. Using the price-to-worst method, what is the value of this bond?
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Accounting Comes Alive The Color Accounting Parable
Authors: Mark Robilliard ,Peter Frampton, Chang Chang, Mark Morrow, John Gorman
1st Edition
1450769608, 978-1450769600
