Question
Calculate the value of a bond that matures in 14 years and has a $1,000 par value. The annual coupon interest rate is 15 percent
Calculate the value of a bond that matures in 14 years and has a $1,000 par value. The annual coupon interest rate is 15 percent and the market's required yield to maturity on a comparable-risk bond is 13 percent.
The value of the bond is?
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Quantitative Trading
Authors: Ernest P. Chan
2nd Edition
1119800064, 978-1119800064
