Question
Milud & Co. just issued a semi-annual coupon bond with a yield to maturity of 6%. This bond has a seven-year term and is currently
Milud & Co. just issued a semi-annual coupon bond with a yield to maturity of 6%. This bond has a seven-year term and is currently selling for $1,125.43.
a) What is the coupon rate of this bond?
b) All other things equal, what would be the selling price of the bond is the market yield were to decrease by 50 basis points?
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Principles Of Project Finance
Authors: E. R. Yescombe
2nd Edition
0123910587, 9780123910585
