Question
Compute the price of a 6.2 percent coupon bond with 10 years left to maturity and a market interest rate of 10.2 percent. (Assume interest
Compute the price of a 6.2 percent coupon bond with 10 years left to maturity and a market interest rate of 10.2 percent. (Assume interest payments are semiannual.) (Do not round intermediate calculations and round your final answer to 2 decimal places.)
| Bond price | $ |
| Is this a discount or premium bond? |
|
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Corporate Treasury And Cash Management
Authors: Robert Cooper
1st Edition
1349512699, 9781349512690
