Question
XYZ Corp has a bond with the following characteristics: maturity 10 years, coupon rate is 5.54% (paid semiannually), face value b$1000. Your broker tells you
XYZ Corp has a bond with the following characteristics: maturity 10 years, coupon rate is 5.54% (paid semiannually), face value b$1000. Your broker tells you that the yield to maturity on this bond is 6.58%. What should the price of this bond be?
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Own Your Money
Authors: Michela Allocca
1st Edition
0760381127, 978-0760381120
