Question
Assume that it is currently January 15, 2016. The bonds have a par value of $2,000. Company - the Corp. Coupon - 7.200 in percent
Assume that it is currently January 15, 2016. The bonds have a par value of $2,000.
Company - the Corp.
Coupon - 7.200 in percent
Maturity - Jan 15, 2027
Last Price - ??
Last Yield - 5.30 in percent
EST $ Vol (000s) - 48,949
Current Yield is 6.23%
What price in USD would you expect to pay for the Corp. bond?
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Financial Management Principles And Applications
Authors: Arthur J. Keown, J. William Petty, John D. Martin, Jr. Scott, David F.
10th Edition
0131450654, 9780131450653
