Question
Calculate the value of a bond that matures in 19 years and has a $ 1 000 par value. The annual coupon interest rate is
Calculate the value of a bond that matures in 19 years and has a $ 1 000 par value. The annual coupon interest rate is 9 percent and the market's required yield to maturity on a comparable-risk bond is 12 percent.
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The Handbook Of Financial Instruments
Authors: Frank J. Fabozzi
1st Edition
0471220922, 978-0471220923
