Question
General mills has a $1,000 par value 28 year to maturity bond outstanding with an annual coupon rate of 11.34 percent per year paid semiannually.
General mills has a $1,000 par value 28 year to maturity bond outstanding with an annual coupon rate of 11.34 percent per year paid semiannually. Market interest rates on similar bonds are 8.48 percent. Calculate the bonds price today
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Financial Modeling
Authors: Simon Benninga
2nd Edition
0262024829, 9780262024822
