Question
xyzzy has issued a 10 year coupon bond with the face value of $1000. Coupon rate is 9.0 % pA and the coupon paid annually.
xyzzy has issued a 10 year coupon bond with the face value of $1000. Coupon rate is 9.0 % pA and the coupon paid annually. What is the fair price of the bond if the yield to maturity is 6.9 % per annum
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
13th edition
132743469, 978-0132743464
