Question
Dexter Mills issued 30-year bonds one year ago at a coupon rate of 9.4 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 9.4 percent. The bonds make semiannual payments and have a par value of $1,000. If the YTM is 8.7 percent, what is the current bond price?
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Cryptocurrency QuickStart Guide
Authors: Jonathan Reichental
1st Edition
1636100406, 978-1636100401
