Question
You are eyeing an investment in a corporate bond which has a YTM of 5.00%, and a stated rate of interest of 13.00% with a
You are eyeing an investment in a corporate bond which has a YTM of 5.00%, and a stated rate of interest of 13.00% with a maturity of 1 years. What is the price of this bond?
a. $1,014.29
b. $1,202.38
c. $1,076.19
d. $1,077.10
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Investment Management
Authors: Stephen Lofthouse
2nd Edition
047149237X, 9780471492375
