Question
Beam Inc. bonds are trading today for a price of $1,948.58. The bond pays annual coupons with a coupon rate of 9% and the next
Beam Inc. bonds are trading today for a price of $1,948.58. The bond pays annual coupons with a coupon rate of 9% and the next coupon is due in one year. The bond has a yield to maturity of 3.03%. How many years are there until the bond matures?
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Fundamentals Of Corporate Finance
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
5th Edition
0135811600, 978-0135811603
