Question
The H&H Computer Company has an outstanding issue of bond with a par value of $1,000 and a 6 percent coupon rate. The bond pays
The H&H Computer Company has an outstanding issue of bond with a par value of $1,000 and a 6 percent coupon rate. The bond pays interest semi-annually. The bond was issued 20 years ago and has 10 years to maturity. What is the value of the bond assuming an 8 percent market interest rate?
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Public Finance
Authors: Richard W. Tresch
2nd Edition
0126990514, 978-0126990515
