Question
You are thinking of buying a 10 year bond without coupon having a nominal value 1000$. How much are you willing to pay for this
You are thinking of buying a 10 year bond without coupon having a nominal value 1000$. How much are you willing to pay for this bond if you want to have a yield of 12%. Assume annual compound interest.
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Financial Management Theory and Practice
Authors: Eugene Brigham, Michael Ehrhardt, Jerome Gessaroli, Richard Nason
2nd Canadian edition
176517308, 978-0176517304
