Question
Consider a bond that has a face value of $1,000 and pays an annual coupon. The bond price is currently $941, it has a yield
Consider a bond that has a face value of $1,000 and pays an annual coupon. The bond price is currently $941, it has a yield to maturity of 19.58% and will mature in 24 years from today. Find the coupon rate of the bond.
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Public Finance In A Changing World
Authors: Peter Birch Sorensen
1998th Edition
0333682211, 978-0333682210
