Question
Calculate the current price of a $1,000 par value bond that has a coupon rate of 13 percent, pays coupon interest semi-annually, has 23 years
Calculate the current price of a $1,000 par value bond that has a coupon rate of 13 percent, pays coupon interest semi-annually, has 23 years remaining to maturity, and has a current yield to maturity (discount rate) of 21 percent. (Round your answer to 2 decimal places and record without dollar sign or commas).
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Cases in Finance
Authors: Jim DeMello
3rd edition
1259330476, 1259330478, 9781259352652 , 978-1259330476
