Question
You have the opportunity to purchase a 30-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 30-year, $1,000 par value bond that has an annual coupon rate of 8%. If you require a YTM of 7.4%, how much is the bond worth to you?
The price of the bond is $____. (Round to the nearest cent.)
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Old Money New Woman How To Manage Your Money And Your Life
Authors: Byron Tully
1st Edition
1950118010, 978-1950118014
