Question
The D&D Gaming Company has an outstanding issue of bond with a par value of $1,000, paying 10 percent coupon rate semi-annually. The bond was
The D&D Gaming Company has an outstanding issue of bond with a par value of $1,000, paying 10 percent coupon rate semi-annually. The bond was issued 20 years ago and has 10 years to maturity. What is the value of the bond assuming 8 percent market interest rate?
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A First Course in Quantitative Finance
Authors: Thomas Mazzoni
1st edition
9781108411431, 978-1108419574
