Question
What is the current value of a $1,000 bond with a 7% annual coupon rate (paid semi-annually) that matures in 6 years if the appropriate
What is the current value of a $1,000 bond with a 7% annual coupon rate (paid semi-annually) that matures in 6 years if the appropriate stated annual discount rate is 4%. Please round your answer to the nearest cent.
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Inside And Outside Liquidity
Authors: Bengt Holmstroem, Jean Tirole
1st Edition
0262518538, 9780262518536
