Question
Assume that you wish to buy a bond with 16 years to maturity, with a par value of $1,000, and a coupon rate of 23.86%.
Assume that you wish to buy a bond with 16 years to maturity, with a par value of $1,000, and a coupon rate of 23.86%. Assume semi-annual payments. If the yield to maturity (YTM) is 22.04%, what is today's price of this bond?
Note: Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box.
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Handbook Of Financial Risk Management
Authors: Thierry Roncalli
1st Edition
1138501875, 978-1138501874
