Question
Compute the price of a $1,000 par value, 6 percent (semi-annual payment) coupon bond with 29 years remaining until maturity assuming that the bond's yield
Compute the price of a $1,000 par value, 6 percent (semi-annual
payment) coupon bond with 29 years remaining until maturity
assuming that the bond's yield to maturity is 16 percent?
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Financial Markets and Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakins
5th edition
321280299, 321280296, 978-0321280299
