Question
Assume that Microsoft bonds have just left the printer and have a stated coupon of $100 (a coupon rate of 10%) and a yieldtomaturity of
Assume that Microsoft bonds have just left the printer and have a stated coupon of $100 (a coupon rate of 10%) and a
yieldtomaturity of 15%. The bonds mature in three years and the next coupon is due in one year. What is the fair price for the bond today?
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Mathematics Of Finance
Authors: Robert Brown, Petr Zima
2nd Edition
0071756051, 9780071756051
