Question
Five years ago, Apex Corporation issued a 15-year bond, with a par value of $1,000 and with a coupon rate of 9.00%, payable annually. Today,
Five years ago, Apex Corporation issued a 15-year bond, with a par value of $1,000 and with a coupon rate of 9.00%, payable annually. Today, the bonds have 10 years remaining to maturity, and the yield to maturity is 12.00%. What is the price of this bond?
A. $758.34 B. $830.52 C. $993.67 D. $1,134.78
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Venture Capital Islamic Finance And SMEs Valuation Structuring And Monitoring Practices In India
Authors: M. Durrani, G. Boocock
1st Edition
1403936382,0230626254
