Question
Calculate the value of a bond that matures in 15 15 years and has a $ 1 comma 000 $1,000 par value. The annual coupon
Calculate the value of a bond that matures in 15
15 years and has a $ 1 comma 000
$1,000 par value. The annual coupon interest rate is 15
15 percent and themarket's required yield to maturity on acomparable-risk bond is 14
14 percent.
The value of the bond is $
nothing
.
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Modern Portfolio Theory and Investment Analysis
Authors: Edwin Elton, Martin Gruber, Stephen Brown, William Goetzmann
9th edition
9781118805800, 1118469941, 1118805801, 978-1118469941
