Question
If a bond with a $1000 face value and coupon rate of 10% currently sells in the market for $1114.96 and has 8 years left
If a bond with a $1000 face value and coupon rate of 10% currently sells in the market for $1114.96 and has 8 years left till maturity, what is the required rate of return?
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College Mathematics For Business Economics, Life Sciences, And Social Sciences
Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker
14th Edition
0134674146, 978-0134674148
