A security has a development worth of 100,000; its coupon rate is 4% and its yield is needed to be 8%. What might a purchaser pay for this security if the security is expected a long time from now?
A security has a development worth of 100,000; its coupon rate is 4% and its yield is needed to be 8%. What might a purchaser pay for this security if the security is expected a long time from now?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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57: A security has a development worth of 100,000; its coupon rate is 4% and its yield is needed to be 8%. What might a purchaser pay for this security if the security is expected a long time from now?
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