Question
How much would you pay today for a bond that has a face value of $1,000, and annual coupon of $53 and a maturity of
How much would you pay today for a bond that has a face value of $1,000, and annual coupon of $53 and a maturity of 5 years? (=what is the price of the bond?) The annual interest rate is 6.11%?
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Principles Of Managerial Finance Brief
Authors: Chad J. Zutter, Scott B. Smart
8th Global Edition
1292267143, 978-1292267142
