Question
Find the price of an investment grade bond with a $100 face value, 5% per annum coupon rate paid annually and 2 years to maturity
Find the price of an investment grade bond with a $100 face value, 5% per annum coupon rate paid annually and 2 years to maturity at the interest rate of 6% per annum.
a. $109.34
b. $93.72
c. $93.45
d. $98.17
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Fundamentals Of Financial Management
Authors: James Van Horne, John Wachowicz
13th Revised Edition
978-0273713630, 273713639
