Triangle bonds: Triangle bonds have par value of $1,000. The bonda pay $60 in interest every six months and will mature in 10 years. a.
Triangle bonds: Triangle bonds have par value of $1,000. The bonda pay $60 in interest every six months and will mature in 10 years. a. Calculate the price if the yield to maturity on the bonds is 14%. b. Explain the impact on price if the required rate of return decreases.
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Authors: Mike E. Miles, Laurence M. Netherton, Adrienne Schmitz
5th Edition
0874203430, 978-0874203431
