Question
Swim Factory has a $1,000 par value, 12-year to maturity bond outstanding with an annual coupon rate of 11.35 percent per year, paid semiannually. Market
Swim Factory has a $1,000 par value, 12-year to maturity bond outstanding with an annual coupon rate of 11.35 percent per year, paid semiannually. Market interest rates on similar bonds are 10.14 percent. Calculate the bond's price today.
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Introduces Quantitative Finance
Authors: Paul Wilmott
2nd edition
470319585, 470319581, 978-0470319581
