Question
KT Industries has a 10 percent, semiannual coupon bond outstanding with a current market price of $1,030. The bond has a par value of $1,000
KT Industries has a 10 percent, semiannual coupon bond outstanding with a current market price of $1,030. The bond has a par value of $1,000 and a yield to maturity of 6 percent. How many years are there until this bond matures?
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Cost Benefit Analysis
Authors: Harry F. Campbell, Richard P.C. Brown
3rd Edition
1032320753, 9781032320755
