Question
Consider a corporate bond with a 1000 face value, 7 years to maturity and a yield to maturity of 4 percent. The coupon rate is
Consider a corporate bond with a 1000 face value, 7 years to maturity and a yield to maturity of 4 percent. The coupon rate is 5 percent and the coupon payments are made semi-annually. What is the current price of this bond?
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The Worlds First Stock Exchange
Authors: Lodewijk Petram
1st Edition
0231163789,0231537328
