Question
How much would you pay today for a bond that has a face value of $1,000, and annual coupon of $81 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 $81 and a maturity of 7 years? (=what is the price of the bond?)
The annual interest rate is 5.47%?
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Investment Analysis And Portfolio Management
Authors: Frank K. Reilly, Keith C. Brown
9th Edition
0324656122, 978-0324656121
