Question
What is the current value of a 25-year bond making semi-annual coupon payments that has a face value of $1,000 and a coupon rate of
What is the current value of a 25-year bond making semi-annual coupon payments that has a face value of $1,000 and a coupon rate of 4%, if current interest rates are 6%, what does the bond currently sell for? Does the bond sell at a discount, premium, or at face value?
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Computational Techniques In Economics And Finance
Authors: Constantin Zopounidis
1st Edition
1613245580, 978-1613245583
