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Diamond Corporation is planning a bond issue with an escalating coupon rate. The annual coupon rate will be 4.7% for the first 3 years, 5.7%
Diamond Corporation is planning a bond issue with an escalating coupon rate. The annual coupon rate will be 4.7% for the first 3 years, 5.7% for the subsequent 4 years, and 6.7% for the final 6 years. If bonds of this risk are yielding 5.7%, estimate the bond's current price. Face value of the bond is $1
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The Handbook For Investment Committee Members
Authors: Russell L. Olson
1st Edition
0471719781, 978-0471719786
