Question
Suppose you are reviewing a bond that has a 10% annual coupon and a face value of $1000. There are 20 years to maturity and
Suppose you are reviewing a bond that has a 10% annual coupon and a face value of $1000. There are 20 years to maturity and the yield to maturity is 8%. What is the price of this bond?
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Investments An Introduction
Authors: Herbert B Mayo
9th Edition
324561385, 978-0324561388
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