Question
Ten years ago, The Romulus Company issued bonds that pay annual coupons, have a face value of $1,000, have a coupon rate of 10.44%, and
Ten years ago, The Romulus Company issued bonds that pay annual coupons, have a face value of $1,000, have a coupon rate of 10.44%, and were scheduled to mature 22 years after being issued. One year ago, you bought one of those bonds for $1,034.68. The bond just paid a coupon. If the percentage return on your bond was 3.37% over the past year (from 1 year ago to today), what is the price of the bond today?
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The Handbook Of Hybrid Securities Convertible Bonds CoCo Bonds And Bail In
Authors: Jan De Spiegeleer, Wim Schoutens, Cynthia Van Hulle
1st Edition
1118449991, 978-1118449998
