Question
Sunland Corp. issued a five-year bond one year ago with a coupon rate of 5.0 percent. The bond pays interest semiannually. If the yield to
Sunland Corp. issued a five-year bond one year ago with a coupon rate of 5.0 percent. The bond pays interest semiannually. If the yield to maturity on this bond is 11 percent, what is the price of the bond? (Round answer to 2 decimal places, e.g. 5,275.25.)
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert Hughes
4th Edition
0256147175, 978-0256147179
