Question
Within Year, Inc. has bonds outstanding with a $1,000 par value and a maturity of 18 years. The bonds have an annual coupon rate of
Within Year, Inc. has bonds outstanding with a $1,000 par value and a maturity of 18 years. The bonds have an annual coupon rate of 17.0% with semi-annual coupon payments. You would expect a quoted annual return of 10.0% if you purchased these bonds. What are the bonds worth to you?
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Fixed Income Analysis
Authors: Barbara S. Petitt
5th Edition
1119850541, 978-1119850540
