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What is the PV of a bond with a current rate of 8.75%, a coupon rate of 9.25%, 11 years to maturity, and monthly compounding?
What is the PV of a bond with a current rate of 8.75%, a coupon rate of 9.25%, 11 years to maturity, and monthly compounding?
nper
rate (coupon)
PV (coupon price) 1,000
PMT
RATE (market rate)
PV (market price)
FV 1,000
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Quantitative Finance Its Development Mathematical Foundations And Current Scope
Authors: T. Wake Epps
1st Edition
0470431997, 9780470431993
