Question
Washington Corporation has a $1000 par value bond outstanding paying annual interest of 4%. The bond matures in 10 years. If the present yield to
Washington Corporation has a $1000 par value bond outstanding paying annual interest of 4%. The bond matures in 10 years. If the present yield to maturity for this bond is 8%, calculate the current price of the bond. Use annual analysis
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The New Public Finance
Authors: Inge Kaul, Pedro Condeicao
1st Edition
0195179978, 978-0195179972
