Question
Consider a 4% annual coupon bond with a face value of $1000, a yield to maturity of 6% and five years to maturity. Using
Consider a 4% annual coupon bond with a face value of $1000, a yield to maturity of 6% and five years to maturity. Using the formula below calculate the price of the five-year bond: F P (1- (1+0)) + (1+0)
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Fundamentals Of Corporate Finance
Authors: Stephen A. Ross, Randolph Westerfield, Bradford D. Jordan
6th Edition
0072553073, 9780072553079
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