Question
Consider the following details for a bond issued by Bravo Incorporated: issue date 8/5/2000 maturity date 8/5/2030 annual coupon rate (semi-annual coupons) 9% face value
Consider the following details for a bond issued by Bravo Incorporated:
issue date 8/5/2000
maturity date 8/5/2030
annual coupon rate (semi-annual coupons) 9%
face value 1,000
Suppose that today's date 8/5/2004, what should the current trading price by for this bond if investors want a 12% annual return?
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The Socionomic Theory Of Finance
Authors: Robert R. Prechter
1st Edition
0977611256, 978-0977611256
