Question
Assume you have a bond with a semi-annual interest payment and an annual coupon rate of 5% a par value of $1000, and a current
Assume you have a bond with a semi-annual interest payment and an annual coupon rate of 5% a par value of $1000, and a current market price of $1,341. The bond has 20 years to maturity and the current market rate of return is 9%. What is the coupon payment that you receive every six months? (include two decimals)
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Financial Management Theory And Practice
Authors: Eugene Brigham, Michael Ehrhardt, Jerome Gessaroli, Richard Nason
3rd Canadian Edition
017658305X, 978-0176583057
