Question
Calculate the value of a bond that matures in 18 years and has a $ 1000 par value. The annual coupon interest rate is 15
Calculate the value of a bond that matures in 18 years and has a $ 1000 par value. The annual coupon interest rate is 15 percent and the market's required yield to maturity on a comparable-risk bond is 14 percent. The value of the bond is $enter your response here . (Round to the nearest cent.)
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The Economics Of Money Banking And Finance
Authors: Peter Howells, Keith Bain
4th Edition
0273710397, 978-0273710394
