Question
Your financial advisor recommends you invest in a 25-year bond with a face value of $1,000 and an annual coupon of 10 percent.If current yield
Your financial advisor recommends you invest in a 25-year bond with a face value of $1,000 and an annual coupon of 10 percent.If current yield to maturity is 10 percent per year, what is the value of this bond?
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Introduces Quantitative Finance
Authors: Paul Wilmott
2nd edition
470319585, 470319581, 978-0470319581
