Question
Some help would be greatly appreciated, using HP10b2+ calculator adn can't seem to come up with the right solution Suppose that General Motors Acceptance Corporation
Some help would be greatly appreciated, using HP10b2+ calculator adn can't seem to come up with the right solution
Suppose that General Motors Acceptance Corporation issued a bond with 10 years until maturity, a face value of $1000 and a coupon rate of 7.8% (annual payments). The yield to maturity on this bond when it was issued was 5.8%. What was the price of this bond when it was issued?
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All About Options
Authors: Thomas McCafferty
3rd Edition
0071484795, 978-0071484794
