Question
Assume that a bond will make payments every six months as shown on the following timeline (using six month periods) Period 0 1 2 19
Assume that a bond will make payments every six months as shown on the following timeline (using six month periods)
Period 0 1 2 19 20
Cash Flows $20.44(1) $20.44(2) $20.44(19) $20.44+$1,000(20)
A. what is the maturity of the bond in(in years)
B. what is the corporate as (as a percentage)
C. What is the face value? A.
(Round the answer to nearest integer)
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Real Estate Finance Theory And Practice
Authors: Terrence M. Clauretie, G. Stacy Sirmans
5th Edition
0324305508, 9780324305500
