Question
Your firm has issued 15-year $1000 par value bonds with an 8.5% annual coupon rate. If annual coupon rates on similar bonds are now 8.5%,
Your firm has issued 15-year $1000 par value bonds with an 8.5% annual coupon rate. If annual coupon rates on similar bonds are now 8.5%, what could you sell your bond for today, assuming semi-annual compounding?
Multiple Choice
Sufficient information not provided.
$1085
$990
$1000
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Financial Markets And Institutions
Authors: Frederic S. Mishkin, Stanley Eakins
6th International Edition
0321552113, 9780321552112
