Question
Calculate the value of a bond that matures in 18 years and has a $1000 par value. The annual coupon interest rate is 8 percent
Calculate the value of a bond that matures in 18 years and has a $1000 par value. The annual coupon interest rate is 8 percent and the market's required yield to maturity on a comparable-risk bond is 11 percent.
The value of the bond is
$
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The Handbook Of Sentiment Analysis In Finance
Authors: Gautam Mitra, Xiang Yu
1st Edition
1910571571, 978-1910571576
