Question
You are considering buying a bond that pay 20 semi-annual coupons of $50 over the remaining maturity period. If the bond has the par value
You are considering buying a bond that pay 20 semi-annual coupons of $50 over the remaining maturity period. If the bond has the par value of $1,000 and you require 11% yield, what would be the price you would want to pay for the bond?
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The Bank Credit Analysis Handbook
Authors: Jonathan Golin, Philippe Delhaise
2nd Edition
0470821574, 978-0470821572
