Question
Company ABC issued a 5-year bond 1 year ago with a face value of $1000 and a coupon rate of 8% per annum. The bond
Company ABC issued a 5-year bond 1 year ago with a face value of $1000 and a coupon rate of 8% per annum. The bond pays interest semi-annually, if the yield to maturity based on market pricing on this bond is 9%, what is the price of the bond? Is this bond trading at a premium, par or discount? Why?
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Fintech In Islamic Finance Theory And Practice
Authors: Umar A. Oseni, S. Nazim Ali
1st Edition
1138494801, 978-1138494800
