Question
You are contemplating purchasing the Xinsu Company 3 7/8% bonds due in 12 years. The bonds are currently trading at a 3.70%% yield to maturity.
You are contemplating purchasing the Xinsu Company 3 7/8% bonds due in 12 years. The bonds are currently trading at a 3.70%% yield to maturity. To purchase $65,000 in face value, the cost would be closest to:
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Intermediate Financial Management
Authors: Eugene F Brigham, Phillip R Daves
14th Edition
0357516664, 978-0357516669
