Question
What is the price of a bond if the par value is $1000, coupon rate is 5% (paid semi-annually), has 20 years to maturity and
What is the price of a bond if the par value is $1000, coupon rate is 5% (paid semi-annually), has 20 years to maturity and the market rate (yield to maturity per annum) is 8%? A. $683.11 B. $703.11 C. $813.11 D. $923.11 E. 1,063.11
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Principles Of Corporate Finance
Authors: Lawrence J. Gitman, Sean M. Hennessey
2nd Canadian Edition
0321452933, 978-0321452931
