Question
Assume that you are considering the purchase of a 30-year bond with an annual coupon rate of 11.5%. The bond has a face value of
Assume that you are considering the purchase of a 30-year bond with an annual coupon rate of 11.5%. The bond has a face value of $1,000, and it makes semiannual interest payments. If you require an 10.7% nominal yield to maturity on this investment, what is the price you should pay for the bond?
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Principles Of Commercial Real Estate Finance
Authors: Gail Ramshaw, Mortgage Bank
1st Edition
0793157099, 9780793157099
