Question
Otto Enterprises issued 15-year bonds with a coupon of 8 percent two years ago. The bonds have a par value of $1,000 and make semiannual
Otto Enterprises issued 15-year bonds with a coupon of 8 percent two years ago. The bonds have a par value of $1,000 and make semiannual coupon payment. What is the price of these bonds if the yield to maturity is 9%?
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Fundamentals Of Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
13th Edition
1265553602, 978-1265553609
