Question
Compute the price of a $ 8,702 par value, 13 percent coupon consol, or perpetual bond (i.e., coupon interest payment is a perpetuity), assuming that
Compute the price of a $ 8,702 par value, 13 percent coupon consol, or perpetual bond (i.e., coupon interest payment is a perpetuity), assuming that the yield to maturity on the bond is 8 percent
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Financial Markets and Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakins
5th edition
321280299, 321280296, 978-0321280299
