Question
Yesterday a $1,000 par-value, 6% (annual) coupon bond issued by the XYZ Corp made a semi-annual coupon payment. If the bond is currently priced to
Yesterday a $1,000 par-value, 6% (annual) coupon bond issued by the XYZ Corp made a semi-annual coupon payment. If the bond is currently priced to yield 4% per year and has exactly 8 years until maturity, what is the current price of the bond? i. $1,135.77 ii. $1,000.00 iii. $ 864.22
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Financial Statement Analysis
Authors: Andrew P.C.
1st Edition
1520985002, 978-1520985008
