Question
What is the value today of a mortgage bond that pays monthly coupons of $500, has a face/maturity value of $100,000, and matures in 30
What is the value today of a mortgage bond that pays monthly coupons of $500, has a face/maturity value of $100,000, and matures in 30 years if the appropriate market rate is 7.20% for these bonds?
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Essentials Of Real Estate Finance
Authors: David Sirota, Doris Barrell
14th Edition
1475428391, 9781475428391
