Question
Blossom Corp. issued a four-year bond one year ago with a coupon rate of 5.0 percent. The bond pays interest semiannually. If the yield to
Blossom Corp. issued a four-year bond one year ago with a coupon rate of 5.0 percent. The bond pays interest semiannually. If the yield to maturity on this bond is 9 percent, what is the price of the bond? (Round answer to 2 decimal places, e.g. 5,275.25.)
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Handbook Of Corporate Finance Empirical Corporate Finance Volume 1
Authors: B. Espen Eckbo
1st Edition
044453265X, 0080559565, 9780444532657, 9780080559568
