Question
Suppose your company needs to raise $14,384,942 and you want to issue 9 zero coupon bonds with the face value of $1,000 for this purpose.
Suppose your company needs to raise $14,384,942 and you want to issue 9 zero coupon bonds with the face value of $1,000 for this purpose. Assume the required return on your bond issue will be 9 percent (YTM assumes semiannual frequency)
How many zero coupon bonds will you need to issue?
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Financial Risk Manager Handbook
Authors: Philippe Jorion, Global Association Of Risk Professionals
5th Edition
0470479612, 978-0470479612
