Question
BA Corp is issuing a 10-year bond with a coupon rate of 7.80 percent. The interest rate for similar bonds is currently 5.95 percent. Assuming
BA Corp is issuing a 10-year bond with a coupon rate of 7.80 percent. The interest rate for similar bonds is currently 5.95 percent. Assuming annual payments, what is the value of the bond? (Round answer to 2 decimal places, e.g. 15.25.)
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The Analysis And Use Of Financial Statements
Authors: Gerald I. White, Ashwinpaul C. Sondhi, Haim D. Fried
2nd Edition
0471111864, 978-0471111863
