Question
Suppose a German company issues a bond with a par value of 1000 Euro, 15 years to maturity, and a coupon rate of 8.4 percent
Suppose a German company issues a bond with a par value of 1000 Euro, 15 years to maturity, and a coupon rate of 8.4 percent paid annually. If the yield to maturity is 7.6 percent, what is the current price of the bond?
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Healthcare Finance Modern Financial Analysis For Accelerating Biomedical Innovation
Authors: Andrew W. Lo, Shomesh E. Chaudhuri
1st Edition
0691183821, 978-0691183824
