Question
Assume that National Incorporated has an issue of 20-year $1,000 par value bonds that pay 7% interest in semiannual payments. Further assume that todays yield
Assume that National Incorporated has an issue of 20-year $1,000 par value bonds that pay 7% interest in semiannual payments. Further assume that todays yield to maturity on these bonds is 6%. How much would these bonds sell for today (round to the nearest dollar)?
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The Theory Of Interest
Authors: Friedrich A. Lutz
2nd Edition
1138539074,1351472836
