Question
You are considering buying a Camella Corp. bond with a $1000 face value, 15% semi-annual coupon that has 7 years left until maturity. The bond
You are considering buying a Camella Corp. bond with a $1000 face value, 15% semi-annual coupon that has 7 years left until maturity. The bond has a yield to maturity of 8%. What is the fair price of this bond?
| a. | $958.78 | |
| b. | $1,369.71 | |
| c. | $708.77 | |
| d. | $702.88 | |
| e. | $1,364.45 |
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An Introduction To Financial Markets A Quantitative Approach
Authors: Paolo Brandimarte
1st Edition
1118014774, 9781118014776
