Question
You are eyeing an investment in a corporate bond which has a YTM of 9.30%, and a stated rate of interest of 8.73% with a
You are eyeing an investment in a corporate bond which has a YTM of 9.30%, and a stated rate of interest of 8.73% with a maturity of 20 years. What is the price of this bond?
a. $949.06
b. $948.66
c. $558.97
d. $1,734.98
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Corporate Finance Reader
Authors: Robert W. Kolb
2nd Edition
1878975536, 978-1878975539
