Question
Renfro Rentals has issued bonds that have a 12.50% coupon rate, payable semiannually. The bonds mature in 5 years, have a face value of $1,000,
Renfro Rentals has issued bonds that have a 12.50% coupon rate, payable semiannually. The bonds mature in 5 years, have a face value of $1,000, and a yield to maturity of 13.25%. What is the price of the bonds?
answer is either: 982.93, 1,197.03, 1,051.05, 973.20, or 827.22
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The Essentials Of Machine Learning In Finance And Accounting
Authors: Mohammad Zoynul Abedin, M. Kabir Hassan, Petr Hajek, Mohammed Mohi Uddin
1st Edition
0367480816, 978-0367480813
