Question
Exactly 1 year ago we invested $6,757 in a 4 year bond with a coupon rate of 5.25% and annual coupon payments. Since then interest
Exactly 1 year ago we invested $6,757 in a 4 year bond with a coupon rate of 5.25% and annual coupon payments. Since then interest rates have dropped and currently 3 year bonds have a coupon rate of 2.44%. What is the present value of the bond I purchased 1 year ago?
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Finance For IT Decision Makers
Authors: Michael Blackstaff
1st Edition
3540762329, 978-3540762324
