Question
Imagine you are asked to evaluate the following bond: Years to maturity: 30 years Face value: 10,000,000 Coupon rate: 5% What is the present value
Imagine you are asked to evaluate the following bond:
Years to maturity: 30 years
Face value: 10,000,000
Coupon rate: 5%
What is the present value of the principal assuming a market interest rate of 7%?
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Business Mathematics
Authors: Gary Clendenen, Stanley A Salzman, Charles D Miller
12th Edition
0135109787, 9780135109786
