Question
ps24 Assume a par value of $1,000. Caspian Sea plans to issue a 5.00 year, semi-annual pay bond that has a coupon rate of 7.84%.
ps24
Assume a par value of $1,000. Caspian Sea plans to issue a 5.00 year, semi-annual pay bond that has a coupon rate of 7.84%. If the yield to maturity for the bond is 8.17%, what will the price of the bond be?
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The Handbook Of Municipal Bonds
Authors: Frank J. Fabozzi, Sylvan G. Feldstein
1st Edition
0470108754, 9780470108758
