Question
Bond Price (Annual Payments) A General Motors bond carries a coupon rate of 5.82%, has 19 years until maturity, and sells at a yield to
Bond Price (Annual Payments)
A General Motors bond carries a coupon rate of 5.82%, has 19 years until maturity, and sells at a yield to maturity of 14.19%. What price does the bond sell? (Assume annual interest payments)
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Financial Management Principles And Applications
Authors: Sheridan Titman
9th Edition
0655705457, 9780655705451
