Question
You are interested in investing in a five-year bond that pays a 7.2 percent coupon rate with interest to be received semiannually. Your required rate
You are interested in investing in a five-year bond that pays a 7.2 percent coupon rate with interest to be received semiannually. Your required rate of return is 8.0 percent. What is the most you would be willing to pay for this bond?
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Public Finance
Authors: Laurence S. Seidman
1st Edition
0073375748, 978-0073375748
