Question
Doisneau 17year bonds have an annual coupon interest of 14 percent, make interest payments on a semiannual basis, and have a $1,000 par value. If
Doisneau 17year bonds have an annual coupon interest of 14 percent, make interest payments on a semiannual basis, and have a $1,000 par value. If the bonds are trading with amarket's required yield to maturity of 15 percent what is the price of the bonds?
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Investment Analysis And Portfolio Management
Authors: Frank K. Reilly, Peggy L. Hedges, Philip Chang, Keith C. Brown, Hedges Reilly Brown
1st Canadian Edition
0176500693, 978-0176500696
