Question
Calculate the current price of a $1,000 par value bond that has a coupon rate of 9 percent, pays coupon interest annually, has 11 years
Calculate the current price of a $1,000 par value bond that has a
coupon rate of 9 percent, pays coupon interest annually, has 11
years remaining to maturity, and has a current yield to maturity
(discount rate) of 11 percent. (Round your answer to 2 decimal
places and record without dollar sign or commas).
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
13th edition
978-1285027371, 128502737X, 978-1133541141
