Question
Playa Vista Vistas, Inc. has a bond outstanding that makes monthly coupon payments. The coupon rate is 9 percent and the bond has 24 years
Playa Vista Vistas, Inc. has a bond outstanding that makes monthly coupon payments. The coupon rate is 9 percent and the bond has 24 years remaining to maturity. If the yield to maturity of similar bonds is 9.35 percent, what is the current price of the bond?
No financial calculator allowed.
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Personal Finance
Authors: Thomas Garman, Raymond Forgue
12th edition
9781305176409, 1133595839, 1305176405, 978-1133595830
