Question
You buy a bond for $979 that has a coupon rate of 8% and a maturity of 6-years. A year later, the bond price is
You buy a bond for $979 that has a coupon rate of 8% and a maturity of 6-years. A year later, the bond price is $1,144. (Assume a face value of $1,000 and annual coupon payments.)
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
11th edition
324422870, 324422873, 978-0324302691
