Question
Pauline purchased a 10% coupon bond at a price of N$ 100 that expires in 2 years with YTM of 8%. However, a few minutes
Pauline purchased a 10% coupon bond at a price of N$ 100 that expires in 2 years with YTM of 8%. However, a few minutes later Pauline encountered unforeseen liquidity problems that forced her to sell the bond. Similar bonds are currently trading at N$ 199-00 and pay an annual coupon rate of 12%. At what price should Pauline sell her bond?
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Gapenskis Fundamentals Of Healthcare Finance
Authors: Paula H. Song, Kristin L. Reiter
3rd Edition
1567939759, 978-1567939750
