Question
Vishny Corporations outstanding bonds have a $1,000 par value, a 13 percent semiannual coupon, 17 years to maturity, and an 11 percent yield to maturity
Vishny Corporations outstanding bonds have a $1,000 par value, a 13 percent semiannual coupon, 17 years to maturity, and an 11 percent yield to maturity (YTM). What is the bonds price?
| a. | $1,150.98 | |
| b. | $602.68 | |
| c. | $1,000.00 | |
| d. | $1,108.65 | |
| e. | $1,152.37 |
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Project Financing Financial Instruments And Risk Management
Authors: Frank J Fabozzi, Carmel De Nahlik
1st Edition
9811231494, 9789811231490
