Question
Grand Adventure Properties offers a $1,000, 9.5 percent coupon bond with semiannual payments. The yield to maturity is 11.2 percent and the maturity date is
Grand Adventure Properties offers a $1,000, 9.5 percent coupon bond with semiannual payments. The yield to maturity is 11.2 percent and the maturity date is 11 years from today. What is the current price of this bond?
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Case Studies in Finance Managing for Corporate Value Creation
Authors: Robert F. Bruner, Kenneth Eades, Michael Schill
7th edition
007786171X, 77861711, 978-0077861711
