Question
Consider a bond with a face value of $1000. The coupon payment is made semiannually and the yield on the bond is 12 percent (effective
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Consider a bond with a face value of $1000. The coupon payment is made semiannually and the yield on the bond is 12 percent (effective annual yield). How much would you pay for the bond if the coupon rate is 7 percent and the remaining time to maturity is 25 years? Show work without excel
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Modern Financial Markets Prices, Yields, And Risk Analysis
Authors: Mark Griffiths, Drew Winters, David W Blackwell
1st Edition
0470000104, 9780470000106
