Question
Demetrius wants to buy a $1,000 face value bond that currently has a yield to maturity of 8.74 percent. The bond matures in 6 years
Demetrius wants to buy a $1,000 face value bond that currently has a yield to maturity of 8.74 percent. The bond matures in 6 years and pays interest annually. The coupon rate is 8.2 percent. What is the current price of this bond?
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The Analysis And Use Of Financial Statements
Authors: Gerald I. White, Ashwinpaul C. Sondhi, Haim D. Fried
2nd Edition
0471111864, 978-0471111863
