Question
Suppose Gomas Enterprises has issued a bond that pays 11% interest ($55 semiannual coupons), and the current YTM is 9%. If the bond matures in
Suppose Gomas Enterprises has issued a bond that pays 11% interest ($55 semiannual coupons), and the current YTM is 9%. If the bond matures in 20 years, compute its current price. What if the bond matures in 1 year?
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The Handbook Of Credit Risk Management
Authors: Sylvain Bouteille, Diane Coogan-Pushner
2nd Edition
1119835631, 978-1119835639
