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
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?
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Contemporary Engineering Economics
Authors: Chan S. Park
5th edition
136118488, 978-8120342095, 8120342097, 978-0136118480
