Question
Question 15 ABC, Inc. has issued a 21-year bond with a par value of $1,000, coupon rate of 10.17%. The yield to maturity (YTM) is
Question 15
ABC, Inc. has issued a 21-year bond with a par value of $1,000, coupon rate of 10.17%. The yield to maturity (YTM) is 14.03%. Assume semi-annual payments. What is today's price of this bond?
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Financial Institutions Management A Risk Management Approach
Authors: Anthony Saunders, Marcia Cornett
6th Edition
0077211332, 9780077211332
