Question
What is the current market price of a bond that has a face value of $1 million at the end of 2 years and pays
What is the current market price of a bond that has a face value of $1 million at the end of 2 years and pays semiannually coupons at a rate of 5.2% p.a., if the discount rate is 5% p.a.? (Show your calculations)
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E Marketing Theory And Application
Authors: Stephen Dann ,Susan Dann
2011 Edition
0230203965, 978-0230203969
