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 14% 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 14% APR compounded semi-annually, a coupon rate of 10% APR compounded semi-annually (with next payment in 6-months) and will mature in 6 years?
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Financial Management Core Concepts
Authors: Raymond M Brooks
2nd edition
132671034, 978-0132671033
