Question
What is the price of a bond with a 12% semi-annual coupon for 8 years to maturity at the end of which it repays a
What is the price of a bond with a 12% semi-annual coupon for 8 years to maturity at the end of which it repays a principal of 1000, with a YTM of 12%? Will the bond sell at a premium, at par, or at a discount? How can you tell? using financial calc only
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Contemporary Economics An Applications Approach
Authors: Robert Carbaugh
8th Edition
1138652199, 978-1138652194
