Question
Lycan Inc. has 8.5% coupon bonds on the market that have 17 years left to maturity and a face value of $1,000. The bonds make
Lycan Inc. has 8.5% coupon bonds on the market that have 17 years left to maturity and a face value of $1,000. The bonds make annual payments. If the yield to maturity on these bonds is 4.4%, what is the current bond price?
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The Global Financial Crisis What Have We Learnt
Authors: Steven Kates
1st Edition
0857934228, 978-0857934222
