Question
What is the price of a 4 year bond, with 9% annual coupon rate and $1,000 face value? The prevailing market annual interest rate is
What is the price of a 4 year bond, with 9% annual coupon rate and $1,000 face value? The prevailing market annual interest rate is 2%. Coupons are paid annually.
Please give detailed process by using financial calculator or formula or excel.
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Healthcare Finance: An Introduction To Accounting And Financial Management
Authors: Louis Gapenski
6th Edition
1567937411, 978-1567937411
