Question
BOND TYPE: Corporate, YIELD-TO-MATURITY: 5 percent ANNUAL COUPON RATE: 5 percent COUPON FREQUENCY: Annual MATURITY DATE: Todays Date with the year set to 4 years
BOND TYPE: Corporate,
YIELD-TO-MATURITY: 5 percent
ANNUAL COUPON RATE: 5 percent
COUPON FREQUENCY: Annual
MATURITY DATE: Todays Date with the year set to 4 years from now. (i.e. If today is July 21, 2019, then it should look as July 21, 2023)
PAR VALUE: $1000.00
QUANTITY: 1
SETTLEMENT DATE: Today's date (i.e. July 21, 2019).
Compute the price of this bond using the formula, the formula that computes the present value of future cash flows of the bond, using the yield-to-maturity as the discount rate.
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Handbook Of Frontier Markets Evidence From Middle East North Africa And International Comparative Studies
Authors: Panagiotis Andrikopoulos , Greg N. Gregoriou , Vasileios Kallinterakis
1st Edition
0128092009,0128094915
