Question
Jennifer issued a 20 year, 12% coupon bond with a 1000 par value that pays coupons semi-annually. The bond was issued exactly 10 years ago.
Jennifer issued a 20 year, 12% coupon bond with a 1000 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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The Psychology Of People In Organisations
Authors: Angela Mansi, Melanie Ashleigh
1st Edition
0273755765, 9780273755760
