Question
Trest Inc issued 5 years ago a bond with 25 years of maturity. The bond pays 10% annual coupon bonds.If the current yield to maturity
Trest Inc issued 5 years ago a bond with 25 years of maturity. The bond pays 10% annual coupon bonds.If the current yield to maturity of this bond is 12%, what is the price of the bond?
A. $1,170.27
B. $850.61
C. $843.14
D. $1,181.54
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Management Of Islamic Finance
Authors: M. Kabir Hassan, Mamunur Rashid
1st Edition
1787564045, 978-1787564046
