Question
Everest Plc has issued corporate bonds with a par value of 1,000 and a coupon interest rate of 8%. The bonds are due to mature
Everest Plc has issued corporate bonds with a par value of 1,000 and a coupon interest rate of 8%. The bonds are due to mature in 6 years time (i.e there will be 6 years of interest payments).
Calculate the value of one bond today to an investor with a 12% required rate of return (to the nearest euro)
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Financial Management Core Concepts
Authors: Raymond Brooks
4th Edition
134730417, 134730410, 978-0134730417
