Question
What is the value of a bond with a semi-annual coupon with 5 years to maturity, a 9% (nominal) coupon rate, and a par value
What is the value of a bond with a semi-annual coupon with 5 years to maturity, a 9% (nominal) coupon rate, and a par value of 1000 if an investor desires a 10% yield to maturity?
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Intermediate Financial Management
Authors: Eugene F. Brigham, Phillip R. Daves
12th edition
1285850033, 978-1305480698, 1305480694, 978-0357688236, 978-1285850030
