Question
Calculate the value of a bond that matures in 17 years and has a $1,000 par value. The annual coupon interest rate is 11% and
Calculate the value of a bond that matures in 17 years and has a $1,000 par value. The annual coupon interest rate is 11% and the market's required yield to maturity on a comparable-risk bond is 15%.
The value of the bond is: ______
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Investments
Authors: Zvi Bodie, Alex Kane, Alan J. Marcus
8th Edition
0077261453, 978-0077261450
