Question
Five years ago, you purchased a $1,000 par value corporate bond with a coupon interest rate of 8.5 percent. Today comparable bonds are paying 9.5
Five years ago, you purchased a $1,000 par value corporate bond with a coupon interest rate of 8.5 percent. Today comparable bonds are paying 9.5 percent.
What is the approximate dollar price for which you could sell your bond?(Do not round intermediate calculations. Round your answer to 2 decimal places.)
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Management Science The Art Of Modeling With Spreadsheets
Authors: Stephen G. Powell, Kenneth R. Baker
3rd Edition
0470530677, 978-0470530672
