Question
Compute the price of a 7.2 percent coupon bond with fifteen years left to maturity and a market interest rate of 10.0 percent. (Assume interest
| Compute the price of a 7.2 percent coupon bond with fifteen years left to maturity and a market interest rate of 10.0 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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Fundamentals of Investments, Valuation and Management
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
8th edition
1259720697, 1259720691, 1260109437, 9781260109436, 978-1259720697
