Question
Consider a 6minusyear corporate bond issued by Vandelay Industries. The bond has a face value of $1,000, and has an annual coupon rate of 6.8%.
Consider a 6minusyear corporate bond issued by Vandelay Industries. The bond has a face value of $1,000, and has an annual coupon rate of 6.8%. The yield to maturity of the bond is 8.2%. What is the fair price for the bond today?
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International Project Finance
Authors: Felix I. Lessambo
1st Edition
3030963896, 978-3030963897
