Question
Compute the price of a $1,000 par value, 7 percent (semi-annual payment) coupon bond with 22 years remaining until maturity assuming that the bond's yield
Compute the price of a $1,000 par value, 7 percent (semi-annual payment) coupon bond with 22 years remaining until maturity assuming that the bond's yield to maturity is 15 percent? (Round your answer to 2 decimal places and record your answer without dollar sign or commas).
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Finance For Growing Enterprises
Authors: Edward W. Davis, Roger Buckland
1st Edition
1138679941, 978-1138679948
