Question
What is the price of a bond with the following characteristics. the bond has a face value of $1000, a yield-to-maturity of 5% APR compounded
What is the price of a bond with the following characteristics. the bond has a face value of $1000, a yield-to-maturity of 5% APR compounded semi-annually, a coupon rate of 10% APR compounded semi-annually (with next payment in 6-months) and will mature in 9 years?
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An Introduction to Investment Banks, Hedge Funds, and Private Equity
Authors: David P. Stowell
1st edition
978-0123745033, 0123745039, 978-9380931074
