Question
I need help determining par value for a bond. Bonds are usually quoted in the marketplace as percentage of par, so a bond quote of
I need help determining par value for a bond. Bonds are usually quoted in the marketplace as percentage of par, so a bond quote of 99.5 indicates the bond is priced at 99.5% of par, e.g. $995 for a $1,000 bond.
Bond:
Coupon: 4.25%
Type: Fixed
Frequency: Semi-Annually
Years to Maturity: 20
Current Price: $78.28
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
12th Edition
978-0030243998, 30243998, 324422695, 978-0324422696
