Question
John Deere has an 7% coupon bond outstanding. It has a $1,000 face value, matures in exactly 14 years (28 semi-annual periods) and pays interest
John Deere has an 7% coupon bond outstanding. It has a $1,000 face value, matures in exactly 14 years (28 semi-annual periods) and pays interest semi-annually. If current market rates for bonds of this quality are 5.4%, what is the bond's price?
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International Trade Finance
Authors: Indian Institute Of Banking & Finance
1st Edition
9386394723, 978-9386394729
