Question
What's the value to you of a $1,000 face-value bond with an 8% p.a. coupon rate and your required rate of return is 15 %
What's the value to you of a $1,000 face-value bond with an 8% p.a. coupon rate and your required rate of return is 15 % p.a?
a. $150
b. $1,000.00
c. $80
d. Less than its face value.
e.More than its face value.
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Essentials of Investments
Authors: Zvi Bodie, Alex Kane, Alan J. Marcus
10th edition
77835425, 978-0077835422
