Question
Crane Corp. issued a four-year bond one year ago with a coupon rate of 6.0 percent. The bond pays interest semiannually. If the yield to
Crane Corp. issued a four-year bond one year ago with a coupon rate of 6.0 percent. The bond pays interest semiannually. If the yield to maturity on this bond is 13 percent, what is the price of the bond? (Round answer to 2 decimal places, e.g. 5,275.25.)
| Price of bond $ ______ |
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Financial Management For Public Health And Not For Profit Organizations
Authors: Steven A. Finkler
1st Edition
0130176141, 9780130176141
