Question
Two years ago, a firm issued 7-year bonds at par with a coupon rate of 7.00% in a face value of $1,000. if the yield
Two years ago, a firm issued 7-year bonds at par with a coupon rate of 7.00% in a face value of $1,000. if the yield to maturity on the bonds is now 4.00%, then compute the current price of the bond. Assume semiannual compounding. round your answer to the nearest $0.01
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Project Financing Analyzing And Structuring Projects
Authors: Frank J Fabozzi, Carmel De Nahlik
1st Edition
9811232393, 9789811232398
