Question
You are a portfolio manager and are considering purchasing a bond with a 7.5% coupon rate that pays interest annually and matures in 3 years.
You are a portfolio manager and are considering purchasing a bond with a 7.5% coupon rate that pays interest annually and matures in 3 years. If the required rate of return on the bond is 6%, what price would you pay today per 100 of par value?
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Monetary Policy And Public Finance
Authors: G. C. Hockley
1st Edition
1138704792, 978-1138704794
