Question
You've collected the following information about a corporate bond: Face value = 1000 Years to maturity = 18 Coupon rate = 0.031 Yield to maturity
You've collected the following information about a corporate bond: Face value = 1000 Years to maturity = 18 Coupon rate = 0.031 Yield to maturity = 0.041 The yield to maturity is the market interest rate for bonds of similar risk and maturity. It is Jan. 2, 2023, and interest payments occur on Jan. 1 and July 1 of each year. What is the bond price?
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The Arab World Facing The Challenge Of The New Millennium
Authors: Henry T. Azzam
1st Edition
1860648169,0857710494
