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Suppose Chinese Treasury department issues a 5-year government bond with face value of 1,000 RMB. This bond is going to pay 5% coupon rate
Suppose Chinese Treasury department issues a 5-year government bond with face value of 1,000 RMB. This bond is going to pay 5% coupon rate an- nually. Previously, this kind of bond has the yield to maturity of 4% (p.a.). Please calculate the reasonable price of this bond in market.
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Bond Price C Y 1 1 1 Yn FV 1 Yn Where C Annual Coupon Paymen...
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Fundamentals Of Corporate Finance
Authors: Richard A. Brealey, Stewart C. Myers, Alan J. Marcus
11th Edition
1264101562, 978-1264101566
