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On January 1, 2019, VVV Company issued $2,200,000 of 12-year, 4% coupon bonds. The yield to maturity is 2%, and the bonds pay interest semi-annually.
On January 1, 2019, VVV Company issued $2,200,000 of 12-year, 4% coupon bonds. The yield to maturity is 2%, and the bonds pay interest semi-annually. What is the selling price of the bonds?
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International Business Finance
Authors: Michael Connolly
1st Edition
0415701538, 9780415701532
