Question
The corporate issuers bonds have a 10% coupon, paid semi-annually, and mature in 10 years. The yield-to-maturity is 7%. What is the current market value
The corporate issuers bonds have a 10% coupon, paid semi-annually, and mature in 10 years. The yield-to-maturity is 7%. What is the current market value of one bond, assuming that the market is at equilibrium?
| $815.66 |
| $813.07 |
| $1,067.73 |
| $1,000.00 |
| $1,213.19 |
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Basic Finance An Introduction To Financial Institutions, Investments, And Management
Authors: Herbert B. Mayo
12th Edition
1337691011, 978-1337691017
