Question
You are considering a 20-year, $1,000 par value bond. Its coupon rate is 8%, and interest is paid semiannually. Open spreadsheet If you require an
You are considering a 20-year, $1,000 par value bond. Its coupon rate is 8%, and interest is paid semiannually.
Open spreadsheet If you require an "effective" annual interest rate (not a nominal rate) of 10.86%, how much should you be willing to pay for the bond? Do not round intermediate steps. Round your answer to the nearest cent.
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Handbook Of Energy Finance Theories Practices And Simulations
Authors: Stéphane Goutte, Duc Khuong Nguyen
1st Edition
9813278374, 978-9813278370
