Question
Sandhill Corp. issued a five-year bond one year ago with a coupon rate of 7.0 percent. The bond pays interest semiannually. If the yield to
Sandhill Corp. issued a five-year bond one year ago with a coupon rate of 7.0 percent. The bond pays interest semiannually. If the yield to maturity on this bond is 10 percent, what is the price of the bond? (Round answer to 2 decimal places, e.g. 5,275.25.)
Price of bond = ?
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International Finance Putting Theory Into Practice
Authors: Piet Sercu
1st edition
069113667X, 978-0691136677
