Question
You are thinking of purchasing a corporate bond with semi-annual coupon payments.The coupon rate is 7% with a par value of $1000 and a maturity
You are thinking of purchasing a corporate bond with semi-annual coupon payments.The coupon rate is 7% with a par value of $1000 and a maturity of 5 years.What is the current price if comparable interest rates (yield to maturities) are 6%?
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Investments
Authors: Zvi Bodie, Alex Kane, Alan J. Marcus
9th Edition
73530700, 978-0073530703
