Question
You have just purchased a regular bond. The has a face value of $200,000. The bond has a coupon rate of 5.7%. Coupons are paid
You have just purchased a regular bond. The has a face value of $200,000. The bond has a coupon rate of 5.7%. Coupons are paid annually. The yield to maturity on the bond is 3.0%. The bond has 17 years to maturity. How much did you pay for the bond today?
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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
13th International Edition
1265533199, 978-1265533199
