Question
Yest Corporation's bonds have a 15-year maturity, a 7% coupon paid semiannually, and a par value of $1,000. The going interest rate (rd) is 6%,
Yest Corporation's bonds have a 15-year maturity, a 7% coupon paid semiannually, and a par value of $1,000. The going interest rate (rd) is 6%, based on semiannual compounding. What is the bond's price?
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The Handbook Of Post Crisis Financial Modelling
Authors: Emmanuel Haven, Philip Molyneux, John Wilson, Sergei Fedotov, Meryem Duygun
1st Edition
1137494484, 978-1137494481
