Question
Coupon rate for a $1,000 corporate bond is 9%. This bond is paying coupon semi-annually and will mature in 9 years. If the current market
Coupon rate for a $1,000 corporate bond is 9%. This bond is paying coupon semi-annually and will mature in 9 years. If the current market yield for this bond is 8%, what would be the value of this bond?
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Financial Markets and Institutions
Authors: Jeff Madura
11th Edition
1133947875, 9781305143005, 1305143000, 978-1133947875
