Question
Kasey Corp. has a bond outstanding with a coupon rate of 5.6 percent and semiannual payments. The bond has a yield to maturity of 7
Kasey Corp. has a bond outstanding with a coupon rate of 5.6 percent and semiannual payments. The bond has a yield to maturity of 7 percent, a par value of $1,000, and matures in 14 years. What is the quoted price of the bond?
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Foundations Of Financial Markets And Institutions
Authors: Franco Modigliani, Frank J. Jones, Michael G. Ferri, Frank J. Fabozzi
3rd Edition
0130180793, 978-0130180797
