Question
you have just been offered $1000 par-value bond fpr $848. the coupon rate is 7% and there are 15 years to maturity. interest is paid
you have just been offered $1000 par-value bond fpr $848. the coupon rate is 7% and there are 15 years to maturity. interest is paid semi annually. a. if the going rate of interest is 10%, what is the value of this bond? b. should you purchase this bond and why?
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Corporate Finance Reader
Authors: Robert W. Kolb
2nd Edition
1878975536, 978-1878975539
