Question
Janet issued a 20 year, 12% coupon bond with a 100 par value that pays coupons semi-annually. The bond was issued exactly 10 years ago.
Janet issued a 20 year, 12% coupon bond with a 100 par value that pays coupons semi-annually. The bond was issued exactly 10 years ago. The bond's YTM is 20%. What is the price of this bond today?
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Real Estate Finance And Investments
Authors: William Brueggeman, Jeffrey Fisher
16th Edition
1259919684, 978-1259919688
