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Suppose that ABC Corporation issued a bond with 13 years until maturity, a face value of $1,000, and a coupon rate of 6.0% (annual payments).
Suppose that ABC Corporation issued a bond with 13 years until maturity, a face value of $1,000, and a coupon rate of 6.0% (annual payments). The yield to maturity on this bond when it was issued was 9.0%. What was the price of this bond when it was issued?
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Entrepreneurial Finance And Accounting For High-Tech Companies
Authors: Frank J Fabozzi
1st Edition
0262336901, 9780262336901
