You have the opportunity to purchase a 25-year, $1,000 par value bond that has an annual coupon
Fantastic news! We've Found the answer you've been seeking!
Question:
You have the opportunity to purchase a 25-year, $1,000 par value bond that has an annual coupon rate of 9%. If you require a YTM of 7.6%, how much is the bond worth to you?
Posted Date: