Question
International Business Machines corporation IBM has a bond outstanding with a coupon rate of 5.56% in semiannual payments the yield to maturity is 6.7% and
International Business Machines corporation IBM has a bond outstanding with a coupon rate of 5.56% in semiannual payments the yield to maturity is 6.7% and the bond matures in 11 years what is the market price if the bond has a par value of $1000
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Foundations of Finance The Logic and Practice of Financial Management
Authors: Arthur J. Keown, John D. Martin, J. William Petty
8th edition
132994879, 978-0132994873
