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Suppose that you purchased a Ba rated $5,000 annual coupon bond with an 16.8% coupon rate and a 8-year maturity. The current rate on 8-year
Suppose that you purchased a Ba rated $5,000 annual coupon bond with an 16.8% coupon rate and a 8-year maturity. The current rate on 8-year US treasuries is 3%. If you purchased it at a 11.613% premium to par value, how much did you pay ?
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Introduction To Finance Financial Management And Investment Management
Authors: Pamela P. Drake, Frank J. Fabozzi, Francesco A. Fabozzi
1st Edition
9811239657, 978-9811239656
