Question
Lincoln Inc. has 9 percent coupon bonds on the market that have 11 years left to maturity and a par value of $1,000. If the
Lincoln Inc. has 9 percent coupon bonds on the market that have 11 years left to maturity and a par value of $1,000. If the bonds make annual payments and the YTM on these bonds is currently 8 percent, what is the current price of these bonds?
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The Handbook Of Portfolio Mathematics
Authors: Vince
1st Edition
0471757683, 978-0471757689
