Question
Lycan, Inc., has 7 percent coupon bonds on the market that have 9 years left to maturity. The bonds make annual payments and have a
Lycan, Inc., has 7 percent coupon bonds on the market that have 9 years left to maturity. The bonds make annual payments and have a par value of $1,000. If the YTM on these bonds is 8.4 percent, what is the current bond price?
| Coupon rate | |
| Settlement date | 1/1/2000 |
| Maturity date | 1/1/2009 |
| Yield to maturity | % |
| Coupons per year | |
| Face value (% of par) |
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Computational Finance Using C And C #
Authors: George Levy DPhil University Of Oxford
1st Edition
0750669195, 978-0750669191
