Question
What is the price of a bond with a coupon rate of 13.65% and semi-annual payments, if the yield-to-maturity is 9.90% and the bond matures
What is the price of a bond with a coupon rate of 13.65% and semi-annual payments, if the yield-to-maturity is 9.90% and the bond matures in 15 years? Assume a par value of $1,000.
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Contemporary Financial Management
Authors: R. Charles Moyer, James R. Mcguigan, William J. Kretlow
9th Edition
032416470X, 9780324164701
