Question
You learned that XYZ, Inc. has a bond with $1,000 face value. The bond carries a 8% coupon, paid semiannually, and matures in 15 years.
You learned that XYZ, Inc. has a bond with $1,000 face value. The bond carries a 8% coupon, paid semiannually, and matures in 15 years.
What is the fair market value of the bond if the yield to maturity is only 7%?
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Pricing And Liquidity Of Complex And Structured Derivatives
Authors: Mathias Schmidt
1st Edition
3319459694, 978-3319459691
