Question
Assume that FM Corporation is RM1,000 par value bond had a 5.7 percent coupon rate, 6 years of maturity period, had a current price of
Assume that FM Corporation is RM1,000 par value bond had a 5.7 percent coupon rate, 6 years of maturity period, had a current price of RM977, and had a yield to maturity (YTM) of 6.034 percent. Given the information, calculate:
- Value of bond
- Current Yield (CY).
- Decide bond selling at par, at a discount or at a premium.
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International Financial Management
Authors: Jeff Madura, Roland Fox
4th Edition
147372550X, 9781473725508
