You have the opportunity to purchase a 28 28-year, $1,000 par value bond that has an annual coupon rate of 12 12%. If you require
You have the opportunity to purchase a 28
28-year, $1,000 par value bond that has an annual coupon rate of 12
12%. If you require a YTM of 8.2
8.2%, how much is the bond worth toyou?
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Authors: Jeff Madura, Hardeep Singh Gill
3rd Canadian Edition
978-0133035575, 133035573, 978-0133970524, 133970523, 978-0134040042
