Question
Bond Price (Semi-Annual Payments) A General Motors Semi-annual bond carries a coupon rate of 9.11%, has 7 years until maturity, and sells at a yield
Bond Price (Semi-Annual Payments)
A General Motors Semi-annual bond carries a coupon rate of 9.11%, has 7 years until maturity, and sells at a yield to maturity of 15.35%. What price does the bond sell?
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The International Handbook Of Public Financial Management
Authors: Richard Allen, Richard Hemming, B. Potter
1st Edition
1137574895, 978-1137574893
