Question
consider an annual coupon bond with a face value of $100, 12 years to maturity and a price of $90. the coupon rate on the
consider an annual coupon bond with a face value of $100, 12 years to maturity and a price of $90. the coupon rate on the bond is 4%. if you can reinvest coupons at a rate of 3.97% per annum, then how much money do you have if you hold the bond to maturity?
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Case Studies In Finance
Authors: Robert Bruner, Kenneth Eades, Michael Schill
6th Edition
0073382450, 978-0073382456
