Find the price at which today's 10-year bond is valued at a nominal value of 100,000 euros
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Question:
Find the price at which today's 10-year bond is valued at a nominal value of 100,000 euros and a 4% interest rate issued 5 years ago to sell on the secondary market where securities offer 3% yield.
Related Book For
Fundamentals of Financial Management
ISBN: 978-0324597707
12th edition
Authors: Eugene F. Brigham, Joel F. Houston
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