Question
Today, Pings Inc. just issued a zero-coupon bond with $1000 par value that matures in 15 years. If bond investors require a 10% YTM with
Today, Pings Inc. just issued a zero-coupon bond with $1000 par value that matures in 15 years. If bond investors require a 10% YTM with semi-annual compounding that will not change, what is the bonds price in 2 years?
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A Study In Public Finance
Authors: A. C. Pigou
1st Edition
1443722766, 978-1443722766
