Question
PS 21 #2 Assume a par value of $1,000. Caspian Sea plans to issue a 8.00 year, annual pay bond that has a coupon rate
PS 21 #2
Assume a par value of $1,000. Caspian Sea plans to issue a 8.00 year, annual pay bond that has a coupon rate of 8.20%. If the yield to maturity for the bond is 7.87%, what will the price of the bond be?
Answer format: Currency: Round to: 2 decimal places
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Corporate Finance Investment And Advisory Applications
Authors: Jesse McDougall, Patrick Boyle
1st Edition
1530116597, 9781530116591
