Question
Consider a 10 year 6% coupon bond that pays a $1000 par value at maturity. use this information to answer the following questions. Assuming 8
Consider a 10 year 6% coupon bond that pays a $1000 par value at maturity. use this information to answer the following questions. Assuming 8 percent to be the appropriate discount rate. a)what is the present value of the bond if it pays annual coupon?
b)what is the present value of the bond if it pays semi-annual coupon?
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The Concepts And Practice Of Mathematical Finance
Authors: Mark S. Joshi
2nd Edition
0521514088, 9780521514088
