Question
Consider an annual coupon bond with a face value of $ 100 100 , 11 years tomaturity, and a price of $ 91 The coupon
Consider an annual coupon bond with a face value of $100
100,11 years tomaturity, and a price of $91
The coupon rate on the bond is 8 If you can reinvest coupons at a rate of 3
3% perannum, then how much money do you have if you hold the bond tomaturity?
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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Gordon Roberts, Hamdi Driss
8th Canadian Edition
01259270114, 9781259270116
