Question
Calculate the current price of a $5,000 par value bond that has a coupon rate of 15 percent, pays coupon interest quarterly (i.e., 4 times
Calculate the current price of a $5,000 par value bond that has a coupon rate of 15 percent, pays coupon interest quarterly (i.e., 4 times per year), has 28 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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MATLAB An Introduction With Applications
Authors: Amos Gilat
6th Edition
111938513X, 978-1119385134
