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In March, 2019, Volkswagen AG issued a ten-year bond with a face value of 4,000 and paying an annual coupon of 3 per cent. What
In March, 2019, Volkswagen AG issued a ten-year bond with a face value of 4,000 and paying an annual coupon of 3 per cent. What is the price of the bond if the YTM is:
a. 1 percent.
b. 3 percent.
c. 6 percent.
(Assume interest is calculated at the beginning of the period and paid annually)
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The Economics Of Money Banking And Finance
Authors: Howells, Keith Bain
3rd Edition
0273693395, 978-0273693390
