Question
Oriole Corp. issued a five-year bond one year ago with a coupon rate of 8.0 percent. The bond pays interest semiannually. If the yield to
Oriole Corp. issued a five-year bond one year ago with a coupon rate of 8.0 percent. The bond pays interest semiannually. If the yield to maturity on this bond is 11 percent, what is the price of the bond? (Round answer to 2 decimal places, e.g. 5,275.25.)
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Public Finance And Public Policy
Authors: Arye L. Hillman
2nd Edition
0521738059, 978-0521738057
