Question
Colt, Inc. sold an issue of $1,000 par value bonds with a tenure of 6 years. The coupon is 44 payable annually. Investors presently require
Colt, Inc. sold an issue of $1,000 par value bonds with a tenure of 6 years. The coupon is 44 payable annually. Investors presently require a rate of return of 0.1599. What will be the market price of this bond?
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The Euro A Challenge And Opportunity For Financial Markets Routledge International Studies In Money And Banking
Authors: Michael Artis , Elizabeth Hennessy, Axel Weber
1st Edition
0415217105, 978-0415217101
