Question
Q1. What is the current market price of a bond that has a face value of $1 million at the end of 2 years and
Q1. What is the current market price of a bond that has a face value of $1 million at the end of 2 years and pays semiannually coupons at a rate of 5.2% p.a., if the discount rate is 8% p.a.? (Show your calculations) (1.5 Marks)
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Education Finance Specialist II
Authors: National Learning Corporation
1st Edition
0837347432, 978-0837347431
