Question
Suppose a German company issues a bond with a par value of 1,000, 5 years to maturity, and a coupon rate of 9 percent paid
Suppose a German company issues a bond with a par value of 1,000, 5 years to maturity, and a coupon rate of 9 percent paid annually. If the yield to maturity is 6.5 percent, what is the current price of the bond?
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Real Estate Finance
Authors: John P. Wiedemer
8th Edition
0324142900, 9780324142907
