Question
You are eyeing an investment in a corporate bond which has a YTM of 9.97%, and a stated rate of interest of 14.08% with a
You are eyeing an investment in a corporate bond which has a YTM of 9.97%, and a stated rate of interest of 14.08% with a maturity of 5 years. What is the price of this bond?
a. $1,702.80 | ||
b. $1,158.80 | ||
c. $888.84 | ||
d. $1,155.92 |
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Face value F 1000 Coupon rate 1408 Coupon amount C 1000 x 01408 14080 Yield ...Get Instant Access to Expert-Tailored Solutions
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Using And Interpreting Statistics
Authors: Eric W. Corty
2nd Edition
1429278609, 978-1429278607
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