Question
You have the opportunity to purchase a 16-year, $1,000 par value bond that has an annual coupon rate of 8%. If you require a YTM
You have the opportunity to purchase a 16-year, $1,000 par value bond that has an annual coupon rate of 8%. If you require a YTM of 7.2%, how much is the bond worth to you?
The price of the bond is $_______ (round to the nearest cent)
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Handbook Of Corporate Equity Derivatives And Equity Capital Markets
Authors: Juan Ramirez
1st Edition
1119975905, 978-1119975908
