Question
Sunland Corp. issued a four-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 four-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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Accounting Essentials For Hospitality Managers
Authors: Chris Guilding
3rd Edition
0415841097, 978-0415841092
