Question
Kasey Corp. has a bond outstanding with a coupon rate of 5.5 percent and semiannual payments. The bond has a yield to maturity of 6.5
Kasey Corp. has a bond outstanding with a coupon rate of 5.5 percent and semiannual payments. The bond has a yield to maturity of 6.5 percent, a par value of $2,000, and matures in 22 years. What is the quoted price of the bond?
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Public Finance A Contemporary Application Of Theory To Policy
Authors: David N Hyman
8th Edition
0324259700, 978-0324259704
