Question
Madsen Motors bonds have 23 years remaining to maturity. Interest is paid annually; they havea $1,000 par value, coupon interest rate is 9%, and the
Madsen Motors bonds have 23 years remaining to maturity. Interest is paid annually; they havea $1,000 par value, coupon interest rate is 9%, and the yield to maturity is 11%. What is the bond current market price?
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Sustainable Finance And Impact Investing
Authors: Alan S. Gutterman
1st Edition
1637423764, 978-1637423769
