Question
Five years ago bonds were issued at par with 28 years until maturity and a 7% annual coupon. If interest rates for that grade of
Five years ago bonds were issued at par with 28 years until maturity and a 7% annual coupon. If interest rates for that grade of bonds are currently 8%, what will be the market price of these bonds now?
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Investments Analysis And Management
Authors: Charles Jones, Nick Jones
11th Edition
0470477121, 9780470477120
