Question
Washing Corporation's bonds have a 15-year maturity, a 5.00% semiannual coupon, and a par value of $1,000. The going interest rate (rd) is 4.75%, based
Washing Corporation's bonds have a 15-year maturity, a 5.00% semiannual coupon, and a par value of $1,000. The going interest rate (rd) is 4.75%, based on semiannual compounding. What is the bonds price?
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Investment Analysis And Portfolio Management
Authors: Frank K. Reilly, Keith C. Brown
6th Edition
003025809X, 978-3540014386
