Question
What is the value of a $1,000 par value bond that has 11 years left to maturity and pays a coupon rate of 3.6% paid
What is the value of a $1,000 par value bond that has 11 years left to maturity and pays a coupon rate of 3.6% paid semiannually if bonds of similar risk are paying 4.6%? Use financial calcultor.
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ISE Analysis For Financial Management
Authors: Robert C. Higgins Professor, Jennifer Koski
13th International Edition
1265042632, 9781265042639
