Question
What must be the price of a $1000 bond with a 5.8% coupon rate, annual coupons, and 15 years to maturity if YTM is 9.7%
What must be the price of a $1000 bond with a 5.8% coupon rate, annual coupons, and 15 years to maturity if YTM is 9.7% APR?
977.50
837.86
698.21
558.57
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The Handbook Of Financing Growth
Authors: Kenneth H. Marks, Larry E. Robbins, Gonzalo Fernandez, John P. Funkhouser, D. L. Williams
2nd Edition
0470390158, 978-0470390153
