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ps21 Assume a par value of $1,000. Caspian Sea plans to issue a 9.00 year, annual pay bond that has a coupon rate of 7.85%.
ps21
Assume a par value of $1,000. Caspian Sea plans to issue a 9.00 year, annual pay bond that has a coupon rate of 7.85%. If the yield to maturity for the bond is 8.42%, what will the price of the bond be?
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Introduction To Estimating Economic Models
Authors: Atsushi Maki
1st Edition
0415589878, 978-0415589871
