Question
The Sisyphean Company has a bond outstanding with a face value of 5000 that reaches maturity in 5 years. The bond certificate indicates that the
The Sisyphean Company has a bond outstanding with a face value of 5000 that reaches maturity in 5 years. The bond certificate indicates that the stated coupon rate for this bond is 9.7% and that the coupon payments are to be made semiannually. Assuming the appropriate YTM on the Sisyphean bond is 7 %, then the price that this bond trades for will be closest to:
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Project Finance In Asia
Authors: Larry H. P. Lang
1st Edition
0444828044, 9780444828040
