Question
Consider a corporate bond value with an annual interest rate of 6%, making semi-annual payments. The par value is $5000, and after six years, the
Consider a corporate bond value with an annual interest rate of 6%, making semi-annual payments. The par value is $5000, and after six years, the bond matures and repays the principal. The yield to maturity of 4%. What is the value of the bond?
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Theoretical Foundations For Quantitative Finance
Authors: Luca Spadafora, Gennady P Berman
1st Edition
9813202475, 978-9813202474
