Question
Bavarian Sausage just issued a 8-year 7% coupon bond. The face value of the bond is $1,000 and the bond makes semiannual coupon payments. If
Bavarian Sausage just issued a 8-year 7% coupon bond. The face value of the bond is $1,000 and the bond makes semiannual coupon payments. If the required return (yield to maturity) on the bond is 7%, what is the bonds price?
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The Bank Credit Analysis Handbook
Authors: Jonathan Golin, Philippe Delhaise
2nd Edition
0470821574, 978-0470821572
