Question
You are considering the purchase of a $ 1,000 par value bond with a coupon rate of 6.5% (with interest paid semiannually) that matures in
You are considering the purchase of a $ 1,000 par value bond with a coupon rate of 6.5% (with interest paid semiannually) that matures in 12 years. If the bond is priced to yield 9%, what is the bond's current price?
The bond's current price is $
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The Analysis And Use Of Financial Statements
Authors: Gerald I. White, Ashwinpaul C. Sondhi, Haim D. Fried
3rd Edition
0471375942, 978-0471375944
