Question
romance novels Inc has some bonds outstanding, currently with 23 years remaining to maturity. The coupon rate is 15 %, and the interest is paid
romance novels Inc has some bonds outstanding, currently with 23 years remaining to maturity. The coupon rate is 15 %, and the interest is paid semi-annually. The face value of the bond is $100. What is the present value of the principle payment of par value at maturity stream if the yield to maturity is 7%?
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Investment Analysis And Portfolio Management
Authors: Frank K. Reilly, Peggy L. Hedges, Philip Chang, Keith C. Brown, Hedges Reilly Brown
1st Canadian Edition
0176500693, 978-0176500696
