Question
What is the fair value of a bond issued by Kyoto, Inc. described as follows? Par value: $1,000 Coupon: 9% semiannual coupon payment 3 years
What is the fair value of a bond issued by Kyoto, Inc. described as follows?
Par value: $1,000
Coupon: 9% semiannual coupon payment
3 years to maturity
The YTM of a bond with similar type and risk: 8%
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Financial Management In The Public Sector Tools Applications And Cases
Authors: Xiaohu Wang
1st Edition
0765616785, 9780765616784
