Question
BOM Co. is currently issuing a $1,000 face-value bond that has an annual coupon of 7.5% and matures in 15 years.Interest payments are made annually.If
BOM Co. is currently issuing a $1,000 face-value bond that has an annual coupon of 7.5% and matures in 15 years.Interest payments are made annually.If the yield to maturity is 8%, then what is the current price of the bond?
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Modern Portfolio Theory and Investment Analysis
Authors: Edwin Elton, Martin Gruber, Stephen Brown, William Goetzmann
9th edition
9781118805800, 1118469941, 1118805801, 978-1118469941
