Question
General mills has a $1000 par value, 12-year bond outstanding with an annual coupon rate of 3.60% per year, paid semi annually. Market interest rates
General mills has a $1000 par value, 12-year bond outstanding with an annual coupon rate of 3.60% per year, paid semi annually. Market interest rates on similar bonds are 12.70%. Calculate the bond's price today. Show work
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Multinational Financial Management
Authors: Alan C. Shapiro
7th Edition
0471395307, 9780471395300
