Question
Unicorn Corporation has bonds on the market that will mature in 18 years. Each bond has a face value of $1,000, pay coupon annually with
Unicorn Corporation has bonds on the market that will mature in 18 years. Each bond has a face value of $1,000, pay coupon annually with an annual coupon of $60. What is the current price of the bond if the yield to maturity is 5.8 percent?
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Finance Applications And Theory
Authors: Marcia Cornett, Troy Adair, John Nofsinger
5th Edition
1260013987, 9781260013986
