Question
Noncallable bonds that mature in 30 years were recently issued by Sternglass Inc. They have a par value of $1,000 and an annual coupon of
Noncallable bonds that mature in 30 years were recently issued by Sternglass Inc. They have a par value of $1,000 and an annual coupon of 6.0%. If the current market interest rate is 8.0%, at what price should the bonds sell?
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The VAR Implementation Handbook
Authors: Greg Gregoriou
1st Edition
007161513X, 978-0071615136
