Question
Madison Corporation has outstanding, a $1,000 par value bond paying annual interest of 7%. The bond matures in 20 years. If the present yield to
Madison Corporation has outstanding, a $1,000 par value bond paying annual interest of 7%. The bond matures in 20 years. If the present yield to maturity for this bond is 9%, calculate the current price of the bond using annual compounding.
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Dark Finance
Authors: Fabio Mattioli
1st Edition
1503611655, 978-1503611658
