Question
The City of State College plans to issue bonds with a par valueof $2,000 that will issue 6% quarterly payments for 5 years. If a
The City of State College plans to issue bonds with a par valueof $2,000 that will issue 6% quarterly payments for 5 years. If a purchaser wants earn 4% per quarter over the lifetime of the bond, how much would the purchaser be willing to pay for the bond?
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Pricing And Liquidity Of Complex And Structured Derivatives
Authors: Mathias Schmidt
1st Edition
3319459694, 978-3319459691
