Question
Suppose that you purchased a Ba rated $5,000 annual coupon bond with an 19.4% coupon rate and a 15-year maturity. The current rate on 15-year
Suppose that you purchased a Ba rated $5,000 annual coupon bond with an 19.4% coupon rate and a 15-year maturity. The current rate on 15-year US treasuries is 3%. If you purchased it at a 15.387% premium to par value, how much did you pay?
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Financial Trading And Investing
Authors: John Teall
3rd Edition
0323909558, 978-0323909556
