Question
Assume that you wish to purchase a 15-year bond that has a maturity value of $1,000 and a coupon rate of 6%. Interest is paid
Assume that you wish to purchase a 15-year bond that has a maturity value of $1,000 and a coupon rate of 6%. Interest is paid semiannually. If you require a 8 percent yield to maturity on this investment, what is the price you should be willing to pay for the bond
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Mathematics Of Finance
Authors: Robert Brown, Petr Zima
2nd Edition
0071756051, 9780071756051
