Question
Dexter Mills issued 30-year bonds one year ago at a coupon rate of 9.1 percent. The bonds make semiannual payments and have a par value
Dexter Mills issued 30-year bonds one year ago at a coupon rate of 9.1 percent. The bonds make semiannual payments and have a par value of $1,000. If the YTM is 8.9 percent, what is the current bond price?
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Financial Management In The Sport Industry
Authors: Matthew T Brown, Daniel Rascher, Mark S Nagel, Chad Mcevoy
1st Edition
1934432040, 978-1934432044
