Question
You have the opportunity to purchase a 29-year, $1,000 par value bond that has an annual coupon rate of 9%. If you require a YTM
You have the opportunity to purchase a 29-year, $1,000 par value bond that has an annual coupon rate of 9%. If you require a YTM of 7.7%, how much is the bond worth to you?
The price of the bond is $ . (Round to the nearest cent.)
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Small Business Management Launching and Growing New Ventures
Authors: Justin Longenecker, Leo Donlevy, Terri Champion, William Petty, Leslie Palich, Frank Hoy
6th Canadian edition
176532218, 978-0176532215
