Question
Problem 7-23 Compute Bond Price (LG7-4) Calculate the price of a 6.0 percent coupon bond with 16 years left to maturity and a market interest
Problem 7-23 Compute Bond Price (LG7-4)
| Calculate the price of a 6.0 percent coupon bond with 16 years left to maturity and a market interest rate of 4.4 percent. (Assume interest payments are semiannual.) (Do not round intermediate calculations. Round your final answer to 2 decimal places.) |
| Bond price | $ |
| Is this a discount or premium bond? | ||||
|
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The Option Trader Handbook
Authors: George Jabbour
2nd Edition
0470481617, 978-0470481615
