Question
What is the maximum price you will pay for a bond with a face value of $2,000 and a coupon rate of 15%, paid annually,
What is the maximum price you will pay for a bond with a face value of $2,000 and a coupon rate of 15%, paid annually, if you want a yield to maturity of 12%? Assume that the bond will mature in 12 years, and the first payment will be received in 1 year.
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People Centric Skills Interpersonal And Communication Skills For Financial Professionals
Authors: Danny M. Goldberg
2nd Edition
1119669308, 978-1119669302
