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Consider a bond issued two years ago for an initial maturity of 8 years. The bond face value is 1041 Euro and is paying annually
Consider a bond issued two years ago for an initial maturity of 8 years. The bond face value is 1041 Euro and is paying annually a coupon rate of 8%. Given that similar bonds are traded currently on the capital market with a yield to maturity of 8%, what would be the price of this bond be on the capital market?
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Essentials Of Managerial Finance
Authors: Scott Besley, Eugene F. Brigham
13th Edition
0324258755, 9780324258752
