Question
Murphy, Inc., has 8 percent coupon bonds on the market that have 15 years left to maturity. The bonds make annual payments and have a
| Murphy, Inc., has 8 percent coupon bonds on the market that have 15 years left to maturity. The bonds make annual payments and have a par value of $1,000. If the YTM on these bonds is 6.75 percent, what is the current bond price? |
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Passive Income
Authors: Brian Stclair
1st Edition
1539739694, 978-1539739692
