Question
What is the most we should pay for a bond with a par value of $1000, coupon rate of 7.3% paid annually, and a remaining
What is the most we should pay for a bond with a par value of $1000, coupon rate of 7.3% paid annually, and a remaining life of 26 years? The yield to maturity is 10.0%. Assume annual discounting. (Round your answer to the nearest penny.)
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Handbook Of The Economics Of Finance Volume 2A
Authors: George M. Constantinides, Milton Harris, Rene M. Stulz
1st Edition
0444535942, 978-0444535948
